Ad valorem tax; levy and collection of tax upon apportioned valuation of aircraft by local tax jurisdictions; provisions

A BILL to be entitled an Act to amend Article 12 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of airline companies, so as to require that at least 50 percent of revenues collected from a local tax jurisdiction's levy of ad valorem taxes on such tax jurisdiction's apportionment of aircraft by the commissioner be dedicated to the maintenance and operations of airports within the tax jurisdiction; to provide for a definition; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.