Plain English Breakdown
The official summary confirms the law amends Title 48 of Georgia's code but does not provide the specific text of the new definitions or exemption criteria.
HB134: Updates to Sales Tax Exemptions for Manufactured Homes
This law updates definitions and expands the sales tax exemption available for manufactured homes in Georgia.
What This Bill Does
- Provides new or updated definitions related to revenue and taxation.
- Revises and expands a sales tax exemption specifically for manufactured homes.
- Sets an end date, known as a sunset date, after which the law will no longer be active unless renewed.
- Includes official statements from the legislature explaining their reasons for passing this bill.
- Removes older laws that conflict with these new changes.
Who It Names or Affects
- People involved in buying or selling manufactured homes
- State agencies responsible for collecting sales and use taxes
Terms To Know
- Sales tax exemption
- A rule that allows a buyer to avoid paying the usual state tax on a specific item.
- Manufactured home
- The type of housing covered by this bill's new sales tax rules.
- Sunset date
- A specific future day when the law automatically stops being active unless lawmakers renew it.
Limits and Unknowns
- The official summary does not list exactly which groups of people qualify for the expanded exemption.
- The source material does not explain how much money this change will save buyers or cost the state budget.
- The specific details on what 'related matters' are included in the bill are not described.