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GA SR875
Resolution
AI Summary
- Creates the Joint Study Committee on the Property Tax Digest Impact on Education Funding to evaluate how local tax revenue reporting affects funding received by local school systems, including equalization and five mill share calculations
- Composed of 10 members: 5 senators appointed by the President of the Senate and 5 House members appointed by the Speaker, with bipartisan representation required from both chambers
- Directs the committee to examine tax digest reporting, economic development payments made "in lieu" of taxes, tax abatements, and other arrangements impacting local tax digests, using data from the Department of Revenue, Department of Education, and Department of Audits and Accounts
- Requires at least 3 public hearings and 1 meeting to finalize findings, with a report due to legislative leadership and appropriations committee chairs by December 31, 2014
- Committee members may receive per diem allowances for up to 5 days, funded from Senate and House appropriations, and the committee stands abolished on December 31, 2014
Legislative Description
Property Tax Digest Impact on Education Funding; create Joint Study Committee
Last Action
Effective Date
4/22/2014
Full Bill Text
No bill text available