Update to the programming of the Georgia Intangible Tax on recordable instruments. This will update Page 1, Intangible Tax, if loan term, is 62 months or less to print N/A. GA HB 586 changed the definition of Long-Term Note and removed the definition of Short-Term Note. Security instruments are only subject to intangible tax when they are a long term note that mature more than 62 months from the note date.
Affected Forms: GA3011.DOT, GA3011.MZD, GA3011CO.DOT, GA3011CO.MZD, GA3161.LMA, GA31612.LMA, GA31612Z.LMA, GA3161Z.LMA, GA3179.LMA, GA3179Z.LMA, GA3731.MSC, Group 2: GA3735.MSC, GA3747.AGR, GA3811.DOT, GA3811.MZD, GAHESI.HLC, GAHESIM.HLC, GASEC.DOT, GASEC.MZD, GA3157.LMA, GA31572.LMA, GA31572Z.LMA, GA31573.LMA, GA31573Z.LMA, GA31574.LMA, GA31574Z.LMA, GA3157NGSE.LMA, GA3157Z.LMA, GA3157ZNGSE.LMA, GAARM.LMA, GAARMIO.LMA, GAARMIOZ.LMA, GAARMZ.LMA, GAFIO.LMA, GAFIOZ.LMA