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GA HB1551
Bill
Status
Passed
4/25/2022
Primary Sponsor
Beth Camp
Click for details
AI Summary
- Residents of Pike County School District age 62 through 64 with household income not exceeding $12,000 per year receive a homestead exemption of up to $20,000 from school district ad valorem taxes, including taxes to retire school bond indebtedness
- Residents age 65 through 69 with household income not exceeding $27,000 per year receive a homestead exemption of up to $30,000 from school district ad valorem taxes
- Residents age 70 or older with household income not exceeding $27,000 per year receive a homestead exemption of up to $50,000 from school district ad valorem taxes
- A new exemption of up to $20,000 is created for residents age 70 or older regardless of income, exempt from all school district ad valorem taxes including school bond indebtedness
- The Act requires a two-thirds majority vote in both legislative chambers and approval by Pike County voters in a referendum at the November 2022 general election, with a contingent effective date of January 1, 2023, and automatic repeal if not approved
Legislative Description
Pike County School District; increase exemptions for residents age 62 or older and provide new exemption for residents age 70 or older
Last Action
Effective Date 2022-04-25
4/25/2022
Committee Referrals
State and Local Governmental Operations3/25/2022
Intragovernmental Coordination3/11/2022
Full Bill Text
No bill text available