Ga. Comp. R. & Regs. r. 560-11-8-.12 — Instrument Securing Short-Term and Long-Term Notes

Where a single instrument secures both long-term and short-term notes, intangible recording tax is due on the sum of the amounts of both the long-term and short-term notes, up to the maximum tax allowed per instrument. Cite as Ga. Comp. R. & Regs. R. 560-11-8-.12 Authority: O.C.G.A. Secs. 48-6-60 - 48-6-77. History. Original Rule entitled "Instrument Securing Short-Term and Long-Term Notes" adopted. F. Jun. 17, 1996; eff. July 7, 1996.