§ 48-8-270. Short Title
This article shall be known and may be cited as the “Georgia Tourism Development Act.” History. Code 1981, § 48-8-270 , enacted by Ga. L. 2011, p. 302, § 2/HB 234.
§ 48-8-271. Definitions
As used in this article, the term: “Agreement” means an agreement for a tourism attraction project between the Department of Community Affairs and an approved company pursuant to Code Section 48-8-275. “Annual sales and use tax” means those state and local sales and use taxes generated by sales to the general public at the approved […]
§ 48-8-272. Purpose of Article; Legislative Findings
The General Assembly finds and declares that the general welfare and material well-being of the citizens of this state depend in large measure upon the development of tourism in the state; that it is in the best interest of this state to induce the creation of tourism attractions or expansion of existing tourism attractions within […]
§ 48-8-273. Tourism Attractions Agreements; Execution; 10-Year Term; Sales and Use Tax Refund; Administrative Regulations
In the discretion of the commissioner of economic development and the commissioner of community affairs, in consideration of the execution of the agreement and subject to the approved company’s compliance with the terms of the agreement, an approved company shall be granted a sales and use tax refund for new projects or an incremental sales […]
§ 48-8-274. Standards for Filing Tourism Attraction Project Applications; Analysis of Projects by Independent Consultants; Conditions of Eligibility and Approval
The commissioner of community affairs, in consultation with other appropriate state agencies, shall establish standards for the filing of an application for tourism attraction projects by the promulgation of administrative regulations. In addition to any standards set forth pursuant to subsection (a) of this Code section, an application for a tourism attraction project filed with […]
§ 48-8-275. Authority of Department of Community Affairs to Enter Into Agreements With Approved Companies; Required Terms and Provisions of Agreements
Following approval of a project, the Department of Community Affairs shall enter into an agreement with any approved company. The agreement may include as a partner any local development authority. The terms and provisions of each agreement shall include, but not be limited to: The projected amount of approved costs; A date certain by which […]
§ 48-8-276. Compliance Subject to Review by Department of Community Affairs; Failure to Abide by Terms of Agreement
Compliance with the agreement is subject to review by the Department of Community Affairs. In the event an approved company fails to abide by the terms of the agreement, then such agreement shall be void and all sales and use tax proceeds that were refunded shall become immediately due and payable back to the state. […]
§ 48-8-277. Transfer of Rights, Duties, and Obligations to Successor Company
An approved company may, in the discretion of the Governor, transfer its rights, duties, and obligations under the agreement to a successor company if the successor company meets the qualifications of an approved company and, upon such approval by the Governor, such successor approved company shall be authorized to receive the sales and use tax […]