Funvestment Group, LLC v. Crittenden

Summary

The Supreme Court of Georgia reversed the Court of Appeals, holding that lease payments for bona‑fide coin‑operated amusement machines (COAMs) constitute "gross revenues" and are exempt from sales and use tax under OCGA § 48‑8‑3(43). The Court based its decision on a plain‑meaning analysis of the statute and rejected the view that the exemption applies only to revenue from actual play of the machines.