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GA HB1199
Bill
Status
Passed
6/30/2020
Primary Sponsor
Alan Powell
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AI Summary
- Increases the homestead exemption from Franklin County ad valorem taxes for county purposes from $10,000.00 to $20,000.00 of assessed value for residents aged 65 or older
- Increases the homestead exemption from Franklin County School District ad valorem taxes for educational purposes from $10,000.00 to $20,000.00 of assessed value for residents aged 65 or older
- Requires approval by a two-thirds majority vote in both the Georgia Senate and House of Representatives, as mandated by the state constitution
- Requires a local referendum held during the November 2020 general election, with the exemption increases taking effect January 1, 2021, only if approved by more than half of voters
- Election expenses to be borne by Franklin County; if the referendum fails or is not conducted, the Act automatically repeals on January 1 following the election date
Legislative Description
Franklin County; ad valorem tax; increase amount of homestead exemption
Last Action
Effective Date
6/30/2020
Full Bill Text
No bill text available