Loading chat...
GA HB1068
Bill
Status
Passed
5/6/2024
Primary Sponsor
Emory Dunahoo
Click for details
AI Summary
- Revises homestead exemptions from City of Jefferson independent school district ad valorem taxes for educational purposes into three age-based tiers: $40,000 for residents ages 62-64, $75,000 for residents ages 65-69, and $100,000 for residents age 70 and older
- Replaces the prior exemption structure, which provided $10,000 for residents 62+ and an additional $20,000 for residents 65+ with net income not exceeding $18,000
- Sets a uniform household income limitation of $400,000 for the immediately preceding year for all three exemption tiers, applying to the combined income of the resident, spouse, and all family members occupying the homestead
- Requires approval by referendum of City of Jefferson independent school district voters on the Tuesday after the first Monday in November 2024, with an effective date of January 1, 2025, if approved by majority vote
- Automatically repeals on July 1 following the election date if the referendum is not approved or the election is not conducted; election costs are borne by the City of Jefferson
Legislative Description
Jefferson, City of; homestead exemption; revise existing exemptions and add new exemption
Last Action
Effective Date 2024-05-06
5/6/2024
Committee Referrals
State and Local Governmental Operations2/6/2024
Intragovernmental Coordination1/30/2024
Full Bill Text
No bill text available