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GA HB1497
Bill
Status
Passed
4/25/2022
Primary Sponsor
Jan Jones
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AI Summary
- Repeals the homestead exemption under Section 6.34 of the City of Milton charter, which provided a property tax exemption for residents age 65 or older who met certain income requirements
- Requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to become law, per state constitutional requirements for homestead exemption changes
- Mandates a referendum on the Tuesday following the first Monday in November 2022 for City of Milton voters to approve or reject the repeal
- Contingent on a separate act being enacted and approved by referendum that increases the general homestead exemption for residents age 65+ from $15,000 to $25,000 on City of Milton ad valorem taxes for municipal purposes
- If the referendum fails or the companion homestead exemption increase is not approved, the Act automatically repeals on January 1 following the election date
Legislative Description
Milton, City of; homestead exemption for citizens age 65 years or older meeting certain income requirements; repeal
Last Action
Effective Date 2022-04-25
4/25/2022
Committee Referrals
State and Local Governmental Operations3/25/2022
Intragovernmental Coordination3/4/2022
Full Bill Text
No bill text available