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GA HB967
Bill
Status
Introduced
2/20/2018
Primary Sponsor
James Beverly
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AI Summary
- Amends Code Section 48-8-96 to allow consolidated governments (formed by merging a county and one or more municipalities) that levy a 2 percent joint county and municipal sales and use tax after July 1, 2018, to allocate 50 percent of the proceeds from the additional 1 percent (above the base 1 percent) to the consolidated government's general fund
- Broadens the applicability of the Code section by adding "or assessed" alongside "valued" when describing how homestead property is evaluated for local ad valorem taxation purposes in qualifying consolidated governments
- Requires voter approval via referendum with specific ballot language asking whether the retail sales and use tax should be increased from 1 percent to 2 percent, with the 50 percent general fund allocation clearly stated on the ballot
- Applies specifically to consolidated governments where homestead property base year assessed values do not change by more than 2 percent per year while occupied by the same owner
- Becomes effective upon approval by the Governor or upon becoming law without such approval
Legislative Description
Revenue and taxation; levy of the joint county and municipal sales and use tax by consolidated governments and use of proceeds of such tax; change certain provisions
Last Action
House Second Readers
2/22/2018
Full Bill Text
No bill text available