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GA HB547
Bill
Status
Passed
4/26/2016
Primary Sponsor
Barry Fleming
Click for details
AI Summary
- Amends Code Section 53-3-4 (Chapter 3, Title 53) to replace references to "real property" with "homestead" when describing property set apart for year's support in both solvent and insolvent estates
- Adds a definition of "homestead" by reference to Code Section 48-5-40
- Divests all taxes and tax liens accrued for years prior to the decedent's death against the homestead and any equity of redemption when the homestead is set apart for year's support
- Allows the petitioner to elect divestiture of property taxes accrued in the year of death, the year the petition is filed, or (if filed in the year of death) the year following the petition filing
- Adds a new provision (subsection b(2)) addressing cases where the homestead is not claimed, preserving the original "real property" language for tax and lien divestiture in those situations
Legislative Description
Estates; taxes and tax liens; change provisions
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available