Revenue and taxation; persons who enter certain rental agreements; levy and impose a tax

A BILL to be entitled an Act to amend Chapter 13 of Title 48 of the Official Code of Georgia Annotated, relating to specific, business, and occupation taxes, so as to levy and impose a tax on persons who enter certain rental agreements with certain equipment rental companies within a certain period of time; to provide for definitions; to require such equipment rental companies to collect such taxes and hold them in escrow for a period of time; to provide that such companies shall pay their ad valorem tax liability for certain rental equipment with such taxes and shall remit any excess funds to the general fund of the state treasury; to provide for the reporting of statistical data related to such tax; to provide for rules and regulations; to provide for related matters; to repeal conflicting laws; and for other purposes.