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GA HB1240
Bill
Status
2/6/2026
Primary Sponsor
Charles Martin
Click for details
AI Summary
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Extends the existing 10% cap on tax allocation districts (TADs) to apply to renewals of existing districts, not just the creation of new ones
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Political subdivisions cannot create or renew a TAD if the combined taxable property value in the proposed and existing TADs exceeds 10% of total taxable property value in their jurisdiction
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Amends Code Section 36-44-17 of the Official Code of Georgia Annotated, relating to redevelopment powers
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Closes a loophole that previously allowed jurisdictions to renew TADs without being subject to the 10% limitation that applies to new district creation
Legislative Description
Local government; total ad valorem tax digest limitation upon creating new tax allocation districts shall also apply to the renewal of existing tax allocation districts; provide
Last Action
House Committee Favorably Reported
2/26/2026