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GA HB896

Bill

Official Source

Status

Engrossed

2/24/2022

Primary Sponsor

Clint Crowe

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Amends Code Section 48-5-40 to update the population bracket for a property tax exemption on certain leased property from 23,500–23,675 to 25,400–25,500
  • Changes the census reference date from the 2010 U.S. decennial census to the 2020 census (or any future census)
  • Preserves the existing exemption criteria requiring the applicant to hold real property under a written lease for at least three years and own all improvements on the property
  • Effectively continues the exemption's applicability to the same targeted county by adjusting for population changes recorded in the 2020 census

Legislative Description

Revenue and taxation; update population bracket and census date for a certain property tax exemption for certain leased property

Last Action

Senate Read Second Time

3/28/2022

Committee Referrals

Finance2/28/2022
Ways and Means1/13/2022

Full Bill Text

No bill text available