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GA HR1021
Resolution
Status
Passed
2/29/2024
Primary Sponsor
Ron Stephens
Click for details
AI Summary
- Proposes an amendment to the Georgia Constitution authorizing each county, municipality, and local school system to establish a volunteer program for residents aged 65 or older, offering a credit of up to $500.00 per year against ad valorem taxes on their homestead property
- Volunteer credit per hour is capped at $10.00 or the state's minimum wage, whichever is greater
- Programs take effect on January 1 following passage of a local ordinance or resolution and approval by a majority of qualified voters in a local referendum
- Credits are non-refundable, cannot be applied to prior year taxes, are not taxable in Georgia, but may be carried forward for up to one year
- Requires submission to Georgia voters for ratification or rejection as a constitutional amendment
Legislative Description
Local government; option to offer a state-wide homestead exemption from ad valorem taxes when current year assessed value exceeds base year value; provide - CA
Last Action
Senate Read Second Time
3/14/2024
Committee Referrals
Finance3/4/2024
Ways and Means2/8/2024
Full Bill Text
No bill text available