Bill > HB537

This bill modifies Georgia's local sales and use tax regulations by establishing new limitations and clarifying procedural requirements. Specifically, the bill caps local sales and use taxes at 2% across the state starting July 1, 2024, with certain exceptions for educational purposes, transportation-related taxes, metropolitan transit taxes, and specific authorized special taxes. The bill allows taxes initiated before January 1, 2025, that do not strictly comply with the new 2% limitation to continue until their expiration, at which point they must adhere to the new rules. For special district sales and use taxes, the bill introduces more detailed requirements for imposing such taxes, including the need for intergovernmental agreements between county and municipal authorities, and specifies that these special taxes can be imposed in 0.05% increments up to 1% total. The bill also provides provisions for how these taxes can be applied, such as how they relate to monthly billing cycles and the potential for reimposing taxes through local legislative acts. These changes aim to provide more clarity and consistency in local tax implementation while maintaining flexibility for local jurisdictions.

Budget and Finance

https://www.legis.ga.gov/legislation/70525