Plain English Breakdown
Checked against official source text during the last sync.
HB1444: New Rules for Sales Tax Reports
This bill requires businesses to list specific details on their sales tax returns and asks the state department to separate and publish data about where taxes were collected.
What This Bill Does
- Requires every sales tax return to include the location where the tax was collected.
- Mandates that each return lists the identity of the entity collecting the tax.
- Asks for the North American Industry Classification System Code on returns when it applies.
- Orders the state department to keep separate records for sales inside city limits versus unincorporated county areas.
- Directs the publication of this separated sales data.
Who It Names or Affects
- Entities that collect state sales and use tax in Georgia.
- The state department responsible for collecting and managing sales tax information.
Terms To Know
- Sales Tax Return
- A form used to report the collection of state sales and use tax.
- North American Industry Classification System Code (NAICS)
- A code identifying the type of business an entity is, required on returns where applicable.
- Unincorporated Area
- Parts of a county that are not inside the limits of a municipality or city.
Limits and Unknowns
- The official summary does not state when these new rules will officially begin.
- It is unclear if there are penalties listed for entities that fail to include this specific information on their returns.