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GA HB1140

Bill

Official Source

Status

Passed

3/26/2024

Primary Sponsor

Tyler Smith

Click for details

Origin

House of Representatives

2023-2024 Regular Session

AI Summary

  • Increases the homestead exemption from Haralson County School District ad valorem taxes for educational purposes for residents aged 65 and over from $8,000 of assessed value to the full assessed value of the homestead
  • Repeals the existing $10,000 maximum annual income restriction, making all senior residents aged 65 and over eligible regardless of income
  • Defines "homestead" as not more than one contiguous acre of property, including all outbuildings on that acre
  • Requires approval by local referendum no later than the 2024 general primary election; if approved by a majority of voters, the exemption takes effect January 1, 2025
  • If the referendum fails or is not conducted, the Act is automatically repealed on the first day of July following the election date; election costs are borne by Haralson County

Legislative Description

Haralson County; ad valorem tax; educational purposes; homestead exemption; increase amount

Last Action

Effective Date 2024-03-26

3/26/2024

Committee Referrals

State and Local Governmental Operations2/13/2024
Intragovernmental Coordination2/7/2024

Full Bill Text

No bill text available