(L-R) Les A. Schneider, Paul Oliver and Thomas L. Walker of Wimberly, Lawson, Steckel, Schneider & Stine in Atlanta. (Courtesy photos) Reversed—Again: Rare Victory and Supreme Court Ruling Impacts Business Tax
"[T]he lease payments Funvestment makes to Tiny Towne for its lease of the COAMs—which also constitute income to Tiny Towne—are exempt from sales and use taxes under OCGA § 48-8-3 (43)," the Supreme Court of Georgia ruled. "Funvestment is not obligated to pay nor is Tiny Towne obligated to remit any sales and use taxes to the DOR on these lease revenues."
September 22, 2023 at 11:27 AM
6 minute read
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