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GA SB485
Bill
Status
Passed
5/8/2018
Primary Sponsor
Jennifer Jordan
Click for details
AI Summary
- Increases the homestead exemption from City of Atlanta Independent School District ad valorem taxes for educational purposes from $30,000 to $50,000 of the assessed value of the homestead that exceeds $10,000
- Requires a referendum on November 6, 2018, where City of Atlanta Independent School District electors vote to approve or reject the increased exemption
- If approved by more than one-half of voters, the increased exemption takes effect on January 1, 2019, and applies to all taxable years through December 31, 2021
- Includes an automatic repeal provision: if voters reject the measure or the election is not conducted, the Act is automatically repealed on January 1 following the election date
- Election expenses are to be borne by the City of Atlanta, with results certified to the Secretary of State
Legislative Description
City of Atlanta; independent school district; homestead exemption; $50,000; applicability; referendum; provide
Last Action
Act 536
5/8/2018
Full Bill Text
No bill text available