Georgia Sales Taxes—Exemption for sale or lease of computer equipment of high-technology companies
L. 2022, H1291 (Act 842), effective 07/01/2022 , extends the sunset date from June 30, 2023 to December 31, 2023 for the sales tax exemption for the sale or lease of computer equipment to be incorporated into facilities of high-technology companies. The law clarifies that the exemption does not apply to computers or devices issued to employees such as smartphones, tablets, wearables, personal computers, and laptops; or to prewritten computer software. Further, effective January 1, 2024, purchases of at least $15 million of such computer equipment is required for the exemption to apply, and each person claiming the exemption must pay 10% sales tax on the first $15 million of eligible purchases or leases for which an exemption is claimed.
Georgia SalesTaxes—Exemption for sale or lease of computer equipment of high-technology companies
