GA HB1543

Increases the income cap for Chattooga County School District senior homestead exemption from $20,000 to $38,000 in federal adjusted gross income (including spouse's income)

Raises the homestead exemption amount from $40,000 to $41,150 for tax year 2027, then to $55,000 for tax year 2028 and subsequent years

Applies to residents age 70 or older, exempting them from school district ad valorem taxes for educational purposes

Requires approval by two-thirds majority in both legislative chambers and a local referendum on the November 2026 ballot

If approved by voters, takes effect January 1, 2027; if rejected or election not held, the Act automatically repeals 365 days after the election date