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GA HB1102
Bill
Status
Passed
8/5/2020
Primary Sponsor
Dale Rutledge
Click for details
AI Summary
- Creates the "Revised Homestead Option Sales and Use Tax Act of 2020," allowing counties currently levying a homestead option sales and use tax (HOST) under Part 1 to replace it with a revised version through voter referendum
- Requires a petition signed by at least 10% of registered electors to trigger a referendum; if the tax fails, the question cannot be resubmitted for 24 months, and the existing HOST continues in effect
- Mandates that 99% of tax proceeds be used to roll back ad valorem property tax millage rates on homestead properties, with 1% retained by the state to cover administration costs
- Directs proceeds first toward reducing countywide homestead property tax millage rates, then toward equally reducing both unincorporated county millage rates and municipal millage rates on homestead properties
- Allows discontinuation of the revised tax through a governing authority-initiated referendum, upon which the original Part 1 homestead option sales and use tax would be reinstated; the tax also does not apply to goods delivered outside the special district or to building materials under contracts bid before the tax was approved
Legislative Description
Revised Homestead Option Sales and Use Tax Act of 2020; enact
Last Action
Effective Date
8/5/2020
Full Bill Text
No bill text available