§ 48-5-506.1 - (Repealed effective December 31, 2010) Partial exemption from ad valorem taxation of heavy-duty equipment motor vehicles
O.C.G.A. 48-5-506.1 (2010)
48-5-506.1. (Repealed effective December 31, 2010) Partial exemption from ad valorem taxation of heavy-duty equipment motor vehicles
(a) As used in this Code section, the term:
(1) "Heavy-duty equipment motor vehicle" means an off-road vehicle with all its attachments and parts which is self-propelled, weighs 5,000 pounds or more, and is primarily designed and used exclusively for utility services and maintenance, earth moving, construction, industrial, maritime, or mining uses, provided that such motor vehicles are not required to be registered and have a license plate.
(2) "Natural person or entity" means a natural person or entity that has purchased a heavy-duty equipment motor vehicle. Such term shall not include any publicly traded company.
(b) For the period of time commencing on January 1, 2010, and concluding at the last moment of December 31, 2010, the provisions of this Code section shall supersede and control over any contrary provision of this article.
(c) The provisions of this article or Part 2 of Article 10 of this chapter, as applicable, shall apply to any or all of the following and this Code section shall not apply to any or all of the following:
(1) Publicly traded companies;
(2) Heavy-duty equipment motor vehicle dealers; and
(3) Natural persons or entities in the year of purchase of a heavy-duty equipment motor vehicle.
(d) (1) A natural person or entity, or any combination of natural persons and entities with common ownership interests, who owns one or more heavy-duty equipment motor vehicles is granted an exemption on that person's or entity's heavy-duty equipment motor vehicles in the amount of the full value of such heavy-duty equipment motor vehicles up to a maximum amount of $100,000.00 per taxable year.
(2) The value of heavy-duty equipment motor vehicles in excess of such exempted amount shall remain subject to taxation under either the provisions of this article or Part 2 of Article 10 of this chapter, as applicable.
(e) This Code section is repealed in its entirety at the last moment of December 31, 2010.