GA HB1565

Provides a full homestead exemption from Lee County school district ad valorem taxes for educational purposes for residents age 80 or older with combined household income not exceeding $40,000 annually

Income calculation includes Georgia taxable net income plus Social Security benefits and other public or private retirement, disability, or pension income

Exemption does not apply to taxes for school district bonded indebtedness, state taxes, county taxes, municipal taxes, or independent school district taxes

Requires approval by two-thirds majority in both legislative chambers and a voter referendum in Lee County on the Tuesday after the first Monday in November 2026

If approved by voters, the exemption takes effect January 1, 2027, and automatically renews annually upon certification that income requirements continue to be met