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GA HB1242

Bill

Official Source

Status

Engrossed

6/24/2020

Primary Sponsor

Karla Drenner

Click for details

Origin

House of Representatives

2019-2020 Regular Session

AI Summary

  • Grants a full homestead exemption from City of Decatur independent school district ad valorem taxes for educational purposes to residents aged 62 or older, covering the full assessed value of the homestead for a 10-year period (January 1, 2021, through December 31, 2030)
  • Excludes ad valorem taxes used to pay interest on and retire school district bonded indebtedness from the exemption
  • Requires applicants to file an application with the City of Decatur governing authority; the exemption automatically renews each year as long as the resident continues to occupy the homestead
  • Does not affect state, county, municipal, or county school district ad valorem taxes, and is in addition to any other applicable homestead exemptions
  • Requires approval by a two-thirds majority in both chambers of the General Assembly and by a majority of voters in a referendum held on the Tuesday after the first Monday in November 2020, with election costs borne by the City of Decatur

Legislative Description

Decatur, City of; independent school district ad valorem tax; provide homestead exemption

Last Action

Senate Read and Referred

6/25/2020

Committee Referrals

State and Local Governmental Operations6/25/2020
Intragovernmental Coordination6/20/2020

Full Bill Text

No bill text available