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GA HB987
Bill
Status
Passed
4/28/2016
Primary Sponsor
Tom McCall
Click for details
AI Summary
- Amends O.C.G.A. § 48-5-7.4 to clarify that transferring up to 5 acres of bona fide conservation use property to a relative within the fourth degree of civil reckoning for single-family residential purposes does not constitute a breach of covenant, provided residential use begins within 1 year and the home is occupied within 24 months
- Transferred property loses eligibility for conservation use covenant but may qualify for current use assessment as residential transitional property; the remainder of the original property continues under the existing covenant
- Creates a new exception allowing conservation use covenant property to host not-for-profit rodeo events without triggering a breach, provided admission and entry fees charged do not exceed the cost of hosting the event
- Sponsored by Representatives McCall of the 33rd and Powell of the 171st; passed both the Georgia House and Senate
Legislative Description
Ad valorem tax; property; change certain definitions
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available