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GA SB514
Bill
Status
Passed
4/12/2012
Primary Sponsor
Chip Rogers
Click for details
AI Summary
- Grants Cherokee County residents a homestead exemption from county ad valorem taxes, with the exemption amount determined by proceeds collected from the retail homestead option sales and use tax (HOST), potentially up to 100 percent
- Exemption applies only to county ad valorem taxes and does not affect state taxes, school district taxes for educational purposes, or municipal taxes
- Exemption automatically renews each year as long as the owner occupies the residence as a homestead; owners must notify the tax commissioner if they become ineligible
- Requires approval by Cherokee County voters at a special election held on the Tuesday after the first Monday in November 2012, and also requires voters to separately approve imposition of the local option sales and use tax under Georgia's Homestead Option Sales and Use Tax Act
- If the referendum fails, the election is not conducted, or the HOST tax is not approved, Section 1 of the Act does not take effect and the Act is automatically repealed on January 1 following the election date
Legislative Description
Cherokee County; homestead exemption; ad valorem taxes for county purposes
Last Action
Effective Date
4/12/2012
Committee Referrals
Intragovernmental Coordination - Local3/14/2012
State and Local Governmental Operations3/7/2012
Full Bill Text
No bill text available