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GA SR783
Resolution
Status
Engrossed
3/3/2014
Primary Sponsor
Bill Heath
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AI Summary
- Amends the Georgia Constitution to prohibit the state from imposing any annual levy of state ad valorem taxes on tangible property, effective January 1, 2016, replacing the prior cap of one-fourth mill per dollar of assessed value
- Preserves a state millage rate of one-fourth mill per dollar solely for calculating the distribution of intangible tax revenues under general laws in effect as of January 1, 2016
- Exempts the state's assessment and collection of ad valorem taxes on public utilities, railroad companies, and airlines on behalf of local governments, and preserves state administrative functions related to local ad valorem taxation
- Maintains all tax, penalty, interest liabilities, refund eligibility, prosecutions, and civil actions related to taxable years or violations prior to January 1, 2016
- Requires submission of the proposed constitutional amendment to Georgia voters for ratification or rejection via ballot
Legislative Description
Ad Valorem Taxes; prohibit the levy of state ad valorem taxes -CA
Last Action
House Committee Favorably Reported
3/13/2014
Full Bill Text
No bill text available