GA HB1185 | 2023-2024 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Engrossed on February 27 2024 - 50% progression
Action: 2024-03-14 - Senate Read Second Time
Text: Latest bill text (Comm Sub) [PDF]

Summary

A BILL to be entitled an Act to amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemption, so as to provide for a statewide homestead exemption from ad valorem taxes in an amount equal to any amount by which the current year assessed value of a homestead exceeds the inflation rate from the adjusted base year value of such homestead; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for approval by local governing authorities; to provide for related matters; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to provide for contingent repeal; to repeal conflicting laws; and for other purposes.

Tracking Information

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Title

Revenue and taxation; statewide homestead exemption from ad valorem taxes when current year assessed value exceeds the inflation rate; provide

Sponsors


Roll Calls

2024-02-27 - House - Passage: House Vote #577 (Y: 169 N: 0 NV: 6 Abs: 3) [PASS]

History

DateChamberAction
2024-03-14SenateSenate Read Second Time
2024-03-13SenateSenate Committee Favorably Reported By Substitute
2024-02-29SenateSenate Read and Referred
2024-02-27HouseHouse Passed/Adopted By Substitute
2024-02-27HouseHouse Third Readers
2024-02-21HouseHouse Committee Favorably Reported By Substitute
2024-02-09HouseHouse Second Readers
2024-02-08HouseHouse First Readers
2024-02-07HouseHouse Hopper

Georgia State Sources


Bill Comments

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