Georgia Code
Chapter 80 - General Provisions
§ 36-80-16.1. Pilot Restriction; Payments in Lieu of Taxes Defined; Financing Capital Projects

to or for the account of the issuer of revenue bonds or other revenue obligations or the public bodies whose consent would otherwise be required, in the case of the separate payments provided for under subsection (d) of this Code section. Payments in lieu of taxes shall be deemed to be payments in lieu of taxes for educational purposes in the same proportion that property taxes for educational purposes would bear to total property taxes on such capital project if the project were subject to ad valorem property taxation. The term “payments in lieu of taxes” shall not include payments made primarily in consideration for the use or occupancy of property, including but not limited to lease payments or rent paid under a lease, regardless of whether or not the lessee or tenant holds an interest that is taxable for property tax purposes.
History. Code 1981, § 36-80-16.1 , enacted by Ga. L. 2009, p. 158, § 3/HB 63.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2009, “the term” was inserted in the introductory language of subsection (b) and “April 22, 2009” was substituted for “the effective date of this Code section” in the first sentence of subsection (e).

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