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GA SB307
Bill
Status
Passed
4/10/2014
Primary Sponsor
Earl Carter
Click for details
AI Summary
- Grants a full homestead exemption from Town of Thunderbolt ad valorem taxes for municipal purposes to residents aged 65 or older whose household income does not exceed $30,000.00 per year
- "Income" includes the federal adjusted gross income of the applicant, their spouse, and any other person residing in the homestead
- Exemption automatically renews each year as long as the recipient continues to occupy the residence as a homestead; recipients must notify the town if they become ineligible
- Exemption applies only to municipal ad valorem taxes and does not affect state, county, or school district taxes; it is in addition to any other applicable homestead exemptions
- Requires approval by a majority of Town of Thunderbolt voters in a 2014 referendum, with an effective date of January 1, 2015, if approved; the Act automatically repeals if the referendum fails or is not conducted
Legislative Description
Town of Thunderbolt; provide for homestead exemption; municipal purposes
Last Action
Effective Date
4/10/2014
Full Bill Text
No bill text available