March 29, 1996
TO: ACCOUNTING/TREASURERS MEMBERS No. 8-96
CLOSED-END FUND COMMITTEE No. 9-96
TAX MEMBERS No. 14-96
UNIT INVESTMENT TRUST COMMITTEE No. 11-96
RE: GEORGIA INTANGIBLE TAX REPEALED
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Georgia has repealed its Intangible Tax, which was applicable to intangible property
such as stocks, bonds, mutual funds and similar holdings. The repeal is effective for the 1996
tax year and the Georgia Department of Revenue announced that the repeal removes the
requirement for taxpayers to file an Intangible Tax return for this calendar year by the April 15,
1996 deadline. A copy of the Department of Revenue’s announcement of the repeal is attached.
We will keep you informed of developments.
Anne M. Barr
Assistant Counsel - Tax
Attachment
Note: Not all recipients of this memo will receive an attachment. If you wish to obtain a copy
of the attachment referred to in this memo, please call the Institute’s Information Resource
Center at (202)326-8304, and ask for this memo’s attachment number: 7752.