Ga. Comp. R. & Regs. r. 560-12-4-.06 — Sales Prior to Effective Date

(1) The Rapid Transit Tax shall not apply to sales of goods made pursuant to bona fide written contracts entered into before December 29, 1971, provided delivery is completed prior to April 1, 1972; or to the purchase price of any building supplies, fixtures or equipment that enter into or become a part of a building or other kind of structure in the local government, where plans, specifications and construction contract for a specific project have been entered into prior to December 29, 1971, provided delivery is completed prior to April 1, 1972. (2) The rules stated in its regulation may be illustrated as follows: (a) Example 1. A written lease agreement executed at any time before April 1, 1972, is taxable under the Rapid Transit Tax alter that date beginning with the first rental payments made after that date but only to the extent such payments represent use after April 1, 1972. (b) Example 2. A written contract entered into at any time prior to April 1, 1972, which requires deliveries of goods in intervals, is taxable under the Rapid Transit Tax with respect to deliveries made after April 1, 1972. (c) Example 3. Admission charges for an event after April 1, 1972, are taxable regardless of when a ticket, if any, was sold. (3) The use in the MARTA area of tangible personal property acquired by purchase outside the MARTA area is not taxable under the use tax feature of the Rapid Transit Tax unless the purchase was made after April 1, 1972. Cite as Ga. Comp. R. & Regs. R. 560-12-4-.06 Authority: Ga. L. 1971, pp. 2082, 2083, 2084, 2092. History. Original Rule entitled "Sales Prior to Effective Date" was filed and effective on March 30, 1972 as Emergency Rule 560-12-4-0.2-.06, to remain in effect for a period not longer than 120 days, as specified by the Agency. Amended: Permanent Rule of the same title adopted superseding Emergency Rule. Filed June 29, 1972; effective July 19, 1972.