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GA HB98
Bill
Status
Introduced
1/30/2023
Primary Sponsor
David Knight
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AI Summary
- Creates a statewide homestead exemption from ad valorem taxes for senior citizens (age 65+) who perform volunteer work for their local government, with the exemption capped at the lesser of $500 or the total tax owed per year
- Requires local governing authorities (counties, municipalities, consolidated governments, or school districts) to opt in by adopting an ordinance or resolution specifying the exemption amount, eligible volunteer work types, hourly credit (not to exceed $10/hour), application deadlines, and any cap on the number of participants
- Exemption does not transfer to subsequent property owners but does transfer to a surviving spouse who continues to occupy the homestead
- Requires a two-thirds majority vote in both chambers of the General Assembly and approval by statewide voter referendum no later than the November 2024 general election, with an effective date of January 1, 2025
- Effectiveness is contingent on voters also ratifying a separate constitutional amendment at the November 2024 election related to local government homestead exemption authority; the Act is automatically repealed if either the referendum or the constitutional amendment fails
Legislative Description
Ad valorem tax; property; change certain definitions
Last Action
House Committee Favorably Reported By Substitute
2/22/2024
Committee Referrals
Ways and Means1/31/2023
Full Bill Text
No bill text available