Loading chat...
GA SB547
Bill
Status
Vetoed
6/8/2010
Primary Sponsor
Jeff Chapman
Click for details
AI Summary
- Grants a $40,000 homestead exemption from City of St. Marys ad valorem taxes for municipal purposes to residents aged 65 or older whose combined household income does not exceed $40,000
- Replaces a prior homestead exemption (approved September 18, 1991) that provided only a $25,000 exemption with a $25,000 income cap, repealing that exemption effective December 31, 2010
- Residents already receiving the previous $25,000 exemption are automatically eligible for the new exemption without filing a new application
- Income excludes retirement, survivor, or disability benefits under Social Security or other public/private pension systems up to the federal Social Security maximum payment amount
- Requires approval by referendum during the 2010 statewide general primary election; if approved by majority vote, the exemption takes effect January 1, 2011, with election costs borne by the City of St. Marys
Legislative Description
St. Marys, City of; ad valorem taxes; provide for homestead exemption; municipal purposes
Last Action
Veto V25
6/8/2010
Committee Referrals
Intragovernmental Coordination - Local4/21/2010
State and Local Governmental Operations4/13/2010
Full Bill Text
No bill text available