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GA HB1178

Bill

Official Source

Status

Passed

7/29/2020

Primary Sponsor

Tommy Benton

Click for details

Origin

House of Representatives

2019-2020 Regular Session

AI Summary

  • Amends the existing homestead exemption from City of Commerce independent school district ad valorem taxes, which provides a $10,000 exemption for residents age 62+ and a $20,000 exemption for residents age 65+ with net income not exceeding $18,000 (excluding certain retirement income)
  • Requires exemption recipients to annually submit a copy of their federal income tax return for the prior calendar year by a deadline set by the City of Commerce governing authority or its designee
  • Suspends the homestead exemption for any person who fails to submit the required annual income tax return until such return is provided
  • Exemption holders must notify the City of Commerce governing authority if they become ineligible for the exemption for any reason
  • Effective January 1, 2021, applying to all taxable years beginning on or after that date

Legislative Description

Commerce, City of; independent school district ad valorem tax homestead exemption; require yearly income statements to continue to receive exemption

Last Action

Effective Date

1/1/2021

Committee Referrals

State and Local Governmental Operations6/20/2020
Intragovernmental Coordination6/15/2020

Full Bill Text

No bill text available