GA HB1468

Creates the Georgia Property Tax Fairness Fund in the state treasury, funded by insurance premium tax collections and sales/use taxes from high-technology data centers, to provide income tax credits to qualifying homeowners and tenants

Provides income tax credits to homeowners with federal adjusted gross income below $120,000 (joint filers) or $60,000 (single filers) whose property taxes and homeowners insurance exceed 5% of income, and to tenants whose rent exceeds 33% of income

Requires sales and use taxes collected from data centers to first reduce ad valorem property tax bills for homesteads in that taxing jurisdiction, with credits capped at $2,500 for homes with fair market value not exceeding $500,000

Repeals existing sales and use tax exemptions for new high-technology data centers and eliminates insurance premium tax credits and abatements for insurance companies

Becomes effective January 1, 2027, contingent on voter ratification of a constitutional amendment at the November 2026 general election; automatically repealed if the amendment fails