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GA SB536
Bill
Status
Passed
6/2/2010
Primary Sponsor
Donzella James
Click for details
AI Summary
- Increases the homestead exemption from City of Chattahoochee Hills ad valorem taxes for municipal purposes from $10,000 to $20,000 of assessed value for residents aged 65 or older
- Eligibility requires that the combined income of the resident and spouse does not exceed the maximum amount receivable under the federal Social Security Act for the preceding year
- Requires approval by a majority of voters in a referendum held on the Tuesday after the first Monday in November 2011, with election costs borne by the city
- If approved by voters, the increased exemption takes effect January 1, 2012, and applies to all taxable years beginning on or after that date
- If the referendum fails or is not conducted, the Act is automatically repealed on January 1 immediately following the election date
Legislative Description
Chattahoochee Hills, City of; increase the homestead exemption ad valorem taxes for municipal purposes; residents 65 years of age or older
Last Action
Effective Date
6/2/2010
Committee Referrals
Intragovernmental Coordination - Local4/20/2010
State and Local Governmental Operations3/26/2010
Full Bill Text
No bill text available