O.C.G.A.

O.C.G.A. § 50-25-8 (2019)

Tax exemption

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of this state and are public purposes and that the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter. The authority shall be required to pay no taxes or assessments upon any property acquired or under its jurisdiction, control, possession, or supervision. The tax exemption provided for in this Code section shall include an exemption from all sales and use tax on property purchased or used by the authority.

History

Code 1981, § 50-25-7, enacted by Ga. L. 1990, p. 1566, § 1; Code 1981, § 50-25-8, as redesignated by Ga. L. 1992, p. 1431, § 1; Ga. L. 2009, p. 153, § 1C/HB 473.

Annotations

Editor’s notes. - Ga. L. 1992, p. 1431, § 1, effective July 1, 1992, redesignated former Code Section 50-25-8 as present Code Section 50-25-9, pertaining to jurisdiction of actions.