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GA HB809

Bill

Official Source

Status

Introduced

1/22/2016

Primary Sponsor

Spencer Frye

Click for details

Origin

House of Representatives

2015-2016 Regular Session

AI Summary

  • Expands the existing ad valorem property tax exemption for nonprofit homes for the mentally disabled to also cover nonprofit homes for the physically disabled, provided the home has no stockholders, distributes no income to private persons, and qualifies as a 501(c)(3) tax-exempt organization
  • Excludes from the exemption any property held primarily for investment purposes or used for purposes unrelated to providing residential or health care to the mentally or physically disabled
  • Requires a statewide referendum on the first Tuesday following the first Monday in November 2016 for voter approval or rejection of the exemption
  • If approved by more than one-half of votes cast, the exemption takes effect January 1, 2017, and applies to all tax years beginning on or after that date
  • If not approved by voters or if the election is not conducted, the Act is automatically repealed on the first day of January immediately following the election date

Legislative Description

Ad valorem tax; certain housing furnished by a nonprofit organization to physically disabled persons; provide exemption

Last Action

House Second Readers

1/26/2016

Full Bill Text

No bill text available