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GA SR604
Resolution
Status
Engrossed
2/29/2016
Primary Sponsor
Bill Heath
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AI Summary
- Amends the Georgia Constitution to prohibit the state from imposing ad valorem taxes on tangible property on or after January 1, 2017, replacing the previous cap of one-fourth mill per dollar of assessed value
- Preserves the state's authority to assess and collect ad valorem taxes on public utilities, railroad companies, and airlines on behalf of local governments
- Maintains the state millage rate at one-fourth mill solely for purposes of calculating the distribution of intangible tax revenues under general laws in effect as of January 1, 2017
- Leaves intact all tax, penalty, interest liabilities, refund eligibility, prosecutions, and administrative proceedings related to taxable years prior to January 1, 2017
- Requires submission to Georgia voters as a constitutional amendment ballot question: "Shall the Constitution of Georgia be amended so as to prohibit state ad valorem taxes?"
Legislative Description
Revenue and Taxation; prohibit the levy of state ad valorem taxes -CA
Last Action
House Postponed
3/22/2016
Full Bill Text
No bill text available