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GA SB474

Bill

Official Source

Status

Engrossed

3/15/2022

Primary Sponsor

Carden Summers

Click for details

Origin

Senate

2021-2022 Regular Session

AI Summary

  • Grants a state-wide exemption from all ad valorem (property) taxes for aircraft used exclusively for the aerial application of fertilizers, pesticides, herbicides, fungicides, seeds, or other agricultural products
  • Requires a statewide referendum on the first Tuesday following the first Monday in November 2022, where voters must approve the exemption by a simple majority
  • If approved by voters, the exemption takes effect January 1, 2023, and applies to all tax years beginning on or after that date; if not approved, the Act is automatically repealed the following January 1
  • Requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to comply with Article VII, Section II of the Georgia Constitution governing property tax exemptions
  • Amends Code Section 48-5-41 of the Official Code of Georgia Annotated by replacing a previously reserved paragraph with the new agricultural aircraft exemption

Legislative Description

Property Tax Exemptions; state-wide exemption; ad valorem taxes for aircraft used for the aerial application of fertilizers or other agricultural products; provide

Last Action

House Second Readers

3/17/2022

Committee Referrals

Ways and Means3/16/2022
Finance2/10/2022

Full Bill Text

No bill text available