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GA HB1065

Bill

Official Source

Status

Engrossed

2/26/2014

Primary Sponsor

Mike Jacobs

Click for details

Origin

House of Representatives

2013-2014 Regular Session

AI Summary

  • Eliminates the existing time limitation on DeKalb County's homestead exemption from ad valorem taxes for county purposes, which exempts the amount by which a homestead's current assessed value exceeds its base year assessed value
  • Amends the original homestead exemption act approved May 5, 2006 (Ga. L. 2006, p. 4636) by repealing subsection (f) of Section 1, which contained the time limitation
  • Requires a referendum on the November 2014 statewide general election ballot, with DeKalb County bearing the expense of the election
  • If approved by more than one-half of voters, the exemption change takes effect January 1, 2015, and applies to all taxable years beginning on or after that date
  • If the referendum fails or is not conducted, the Act automatically repeals on January 1 following the election date

Legislative Description

DeKalb County; ad valorem tax; homestead exemption; eliminate time limitation

Last Action

Senate Read and Referred

3/3/2014

Full Bill Text

No bill text available