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GA HB1028
Bill
Status
Vetoed
6/4/2010
Primary Sponsor
Stephanie Benfield
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AI Summary
- Adds a definition of "contiguous" for forest land conservation use property, allowing a one-time election to treat tracts divided by county boundaries, public roadways, easements, natural boundaries, land lot lines, or railroad tracks as contiguous
- Requires separate covenants for contiguous tracts spanning multiple counties, but allows the total acreage across counties to count toward the 200-acre minimum requirement
- Revises breach-of-covenant penalty rules so that when a qualifying transfer of at least 200 acres occurs, penalties apply only to the specific tract (transferred or remaining) on which the breach occurred, rather than the entire original covenant tract
- Adds a new penalty calculation for post-transfer breaches: the standard penalty formula is multiplied by the percentage that the breached tract's acreage represents of the original covenant acreage
- Takes effect upon the Governor's approval, amending the Georgia Forest Land Protection Act of 2008 (Code Section 48-5-7.7) with clarifying language throughout regarding multi-county filings, covenant recording procedures, and references to multiple boards of assessors where applicable
Legislative Description
Ad valorem tax; forest land conservation use property; revise provisions
Last Action
Veto V9
6/4/2010
Committee Referrals
Finance2/18/2010
Ways and Means2/1/2010
Full Bill Text
No bill text available