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GA HB1417
Bill
Status
Passed
4/18/2022
Primary Sponsor
William Boddie
Click for details
AI Summary
- Grants City of College Park residents aged 65 or older a homestead exemption from city ad valorem taxes for municipal purposes equal to the full assessed value of the homestead, effective for taxable years beginning on or after January 1, 2023
- Requires applicants to file an initial application with the City of College Park governing authority providing their age and eligibility information; the exemption automatically renews annually as long as the person continues to occupy the residence as a homestead
- Exemption applies only to city municipal ad valorem taxes, including bonded indebtedness taxes, and does not affect state, county, or school district ad valorem taxes
- Replaces rather than supplements any other existing homestead exemption applicable to City of College Park municipal ad valorem taxes
- Requires approval by a two-thirds majority vote in both legislative chambers and a local referendum held on the Tuesday after the first Monday in November 2022, with election costs borne by the City of College Park; the Act is automatically repealed if not approved by voters
Legislative Description
College Park, City of; ad valorem tax; municipal purposes; provide homestead exemption
Last Action
Effective Date 2022-04-18
4/18/2022
Committee Referrals
State and Local Governmental Operations3/25/2022
Intragovernmental Coordination2/22/2022
Full Bill Text
No bill text available