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

Summary

The bill changes Georgia's ad valorem tax rules for airline companies so that any local tax jurisdiction that levies a tax on the apportioned value of aircraft must allocate at least half of the collected revenue to maintain and operate airports in that jurisdiction. It applies to all taxable years beginning on January 1, 2027, and supersedes any conflicting statutes. The change targets local governments, airlines, and airport operators, aiming to direct more tax money toward airport infrastructure.

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