Tangible personal property used for construction of symphony hall in Georgia exempt.

From May 5, 2004 until September 1, 2009, sales of tangible personal property used directly for the construction of a new symphony hall is exempt from sales tax. The construction cost of the facility must be equal to or more than $200 million and the organization owning or operating the hall must be exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. (Section 48-8-3(78)(A), May, 2004)

Posted on July 28, 2004