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GA SB422
Bill
Status
Passed
6/2/2010
Primary Sponsor
John Douglas
Click for details
AI Summary
- Grants each lawful resident of the City of Porterdale a $10,000 homestead exemption from the assessed value of their homestead for municipal ad valorem tax purposes, excluding taxes for bonded indebtedness
- The exemption replaces and is not in addition to any other homestead exemption applicable to City of Porterdale municipal ad valorem taxes
- Requires residents to file an initial application with the city governing authority; the exemption automatically renews each year as long as the owner continues to occupy the residence as a homestead
- Requires approval by a majority of voters in a referendum held during the November 2010 general election, with the city bearing the election costs; if not approved, the Act automatically repeals
- Applies to all taxable years beginning on or after January 1, 2011, and does not affect state, county, or school district ad valorem taxes
Legislative Description
Porterdale, City of; provide homestead exemption; municipal purposes
Last Action
Effective Date
6/2/2010
Committee Referrals
Intragovernmental Coordination - Local3/8/2010
State and Local Governmental Operations2/16/2010
Full Bill Text
No bill text available