Georgia: Sales Tax Exemptions For Aquariums, Zoos
- May 15, 2015 | Gail Cole
Update, 1.4.2016: The Georgia Department of Revenue has published a Policy Bulletin (SUT-2015-02) with guidance relating to the exemption described below.
Legislation creating a sales tax exemption for materials used in the renovation and expansion of certain Georgia aquariums and zoos takes effect July 1, 2015. Qualifying aquariums and zoos must pay sales and use tax all purchases of tangible personal property; they may then seek a refund of the tax paid on eligible items.
To qualify for the exemption, the aquarium must charge for admission and be owned or operated by a tax-exempt organization (as defined in the measure). The exemption will apply for the period July 1, 2015 to January 1, 2017, “or until the aggregate state sales and use tax refunded pursuant to this paragraph exceeds $750,000.00, whichever comes first.
- Items that will remain at the aquarium facility after completion of construction.
- All tangible personal property that becomes incorporated into the real property structures of the aquarium facility.
The legislation also extends an existing sales tax exemption for “tangible personal property used for or in the renovation or expansion of a zoological institution.” To qualify, a zoo must be a nonprofit wildlife park, terrestrial institution, or facility accredited by the Association of Zoos and Aquariums. It must also charge for admissions.
The exemption “shall apply from July 1, 2016, until June 30, 2018, or until the aggregate state sales and use tax refunded pursuant to this paragraph exceeds $350,000.00, whichever occurs first.”
- All tangible personal property that will remain at the zoological institution after completion of construction.
- All tangible personal property that becomes incorporated into the real property structures of the zoological institution.
Additional details are available in the text of House Bill 428.
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