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GA SB628
Bill
Status
Engrossed
3/23/2022
Primary Sponsor
John Albers
Click for details
AI Summary
- Increases the senior homestead exemption from City of Milton ad valorem taxes for municipal purposes from $15,000 to $25,000 of assessed value for residents aged 65 or older
- Requires approval by a two-thirds majority vote in both the Georgia Senate and House of Representatives to comply with Article VII, Section II of the state constitution
- Requires a referendum of City of Milton electors on the Tuesday following the first Monday in November 2022, with the exemption increase taking effect January 1, 2023, if approved by more than half of voters
- Effectiveness is contingent on a separate act also being passed and approved by referendum that repeals the existing income-based senior homestead exemption found in Section 6.34 of the city charter
- If the referendum fails, the election is not conducted, or the repeal of Section 6.34 is not approved, the Act automatically repeals on January 1 following the election date
Legislative Description
City of Milton; senior homestead exemption; increase the amount
Last Action
House Second Readers
3/28/2022
Committee Referrals
Intragovernmental Coordination3/25/2022
State and Local Governmental Operations3/18/2022
Full Bill Text
No bill text available