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GA SB342
Bill
Status
Passed
4/26/2016
Primary Sponsor
Elena Parent
Click for details
AI Summary
- Grants City of Decatur residents aged 62 or older a $15,000.00 homestead exemption from municipal ad valorem taxes, excluding taxes levied to pay interest on and retire municipal bonded indebtedness
- Limits eligibility to households where the combined income of the resident, spouse, and all family members residing at the homestead does not exceed $50,000.00 for the immediately preceding year
- Does not apply to state ad valorem taxes, educational ad valorem taxes, or county ad valorem taxes, and may be claimed in addition to any other applicable municipal homestead exemptions
- Requires applicants to file with the City of Decatur governing authority, providing age, income, and other relevant information; the exemption automatically renews annually as long as the owner occupies the homestead
- Subject to approval by City of Decatur voters in a referendum held during the November 2016 general election, with an effective date of January 1, 2017, if approved by a majority; automatically repealed if not approved
Legislative Description
Decatur, City of; provide for homestead exemption; municipal purposes; specify terms and conditions
Last Action
Effective Date
4/26/2016
Full Bill Text
No bill text available