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GA HB648
Bill
Status
5/13/2025
Primary Sponsor
Kim Schofield
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AI Summary
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Removes the income cap from the existing City of College Park homestead exemption that provides a full exemption from municipal ad valorem taxes for residents who are disabled or age 65 or older
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Amends the original exemption established May 1, 2023 (Ga. L. 2023, p. 3696) by eliminating the income eligibility requirement while maintaining the age and disability qualifications
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Requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to comply with constitutional requirements
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Mandates a local referendum on the Tuesday after the first Monday in November 2025 for City of College Park voters to approve or reject the change
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If approved by voters, the exemption changes take effect January 1, 2026; if not approved or the election is not held, the Act automatically repeals 365 days after the scheduled election date
Legislative Description
College Park, City of; ad valorem tax for municipal purposes; homestead exemption; remove income cap
Last Action
Effective Date 2025-05-13
5/13/2025