GA HR1047

Proposes a constitutional amendment to assess single-family rental properties at 100% of fair market value when owned by business enterprises holding interests in at least 100 such properties in Georgia used primarily for rental income

Creates a new property subclassification called "business enterprise property" for ad valorem taxation purposes, applying higher tax assessments to large-scale corporate landlords

Authorizes the Department of Revenue to appraise business enterprise property using standard fair market value methodologies, excluding special assessment exceptions available to other property types

Establishes a separate appeals system for appraisals and determinations related to business enterprise property

Requires voter ratification through a ballot measure asking whether to amend the Georgia Constitution to implement these higher tax assessments on large institutional rental property owners