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GA HB1325
Bill
Status
Introduced
2/20/2024
Primary Sponsor
Shaw Blackmon
Click for details
AI Summary
- Georgia residents aged 70 or older who perform volunteer work for their local government would qualify for a homestead exemption from ad valorem taxes, with the exemption amount set by the local governing authority but capped at the lesser of $500.00 or the total tax owed per year
- Local governments must opt in by adopting an ordinance or resolution specifying the exemption amount, hourly volunteer credit (not to exceed $10.00/hour), eligible volunteer work types, application deadlines, and any cap on the number of participating seniors
- The exemption applies to all ad valorem taxes except those levied to pay bonded indebtedness, is in addition to any other existing homestead exemptions, and transfers to a surviving spouse who continues to occupy the homestead
- Requires a two-thirds majority vote in both the Senate and House, approval by voters in a statewide referendum no later than November 2024, and ratification of a related constitutional amendment for the Act to take effect on January 1, 2025
- Applicants must file annually with the local tax receiver or tax commissioner and must have performed the volunteer work during the year prior to the application year
Legislative Description
Ad valorem tax; certain senior citizens who volunteer with local governments; provide homestead exemption
Last Action
House Second Readers
2/22/2024
Committee Referrals
Ways and Means2/21/2024
Full Bill Text
No bill text available