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GA HB793
Bill
Status
Introduced
1/20/2016
Primary Sponsor
Mandi Ballinger
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AI Summary
- Amends Georgia Code Section 48-5-41 to revise the definition of "fraternal benefit association" for purposes of the property tax exemption for property used exclusively for charitable, fraternal, and benevolent purposes
- Expands the qualifying federal tax-exempt status from only Section 501(c)(8) to include both Sections 501(c)(8) and 501(c)(10) of the Internal Revenue Code
- Changes the charter age requirement from organizations chartered by the General Assembly of Georgia "prior to January 1, 1880" to those chartered "125 or more years ago," creating a rolling eligibility window rather than a fixed date
- Adds the descriptor "historical" before "fraternal benefit association" in the exemption language
- Effective January 1, 2017, applying to all taxable years beginning on or after that date
Legislative Description
Revenue and taxation; fraternal benefit association; revise definition
Last Action
House Committee Favorably Reported By Substitute
2/24/2016
Full Bill Text
No bill text available