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GA HB989
Bill
Status
Introduced
2/21/2018
Primary Sponsor
David Dreyer
Click for details
AI Summary
- Allows buildings owned by nonprofit charitable institutions qualified as purely public charities and exempt under Section 501(c)(3) to be exempt from ad valorem (property) taxes even when used for the primary or incidental purpose of securing income, so long as that income is used exclusively for the operation of the charitable institution
- Limits the land eligible for exemption to no more than 15 acres on which the qualifying building is located
- Removes the prior requirement that such buildings be used "exclusively" for charitable purposes, replacing it with a broader standard permitting income-generating use
- Requires a statewide referendum on the Tuesday following the first Monday in November 2018; the exemption takes effect January 1, 2019, only if approved by more than half of voters, and the Act is automatically repealed if not approved
- Requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to comply with the state constitutional requirements for property tax exemptions
Legislative Description
Ad valorem tax; property tax exemptions; allow certain nonprofit institutions to exempt certain buildings
Last Action
House Second Readers
2/23/2018
Full Bill Text
No bill text available