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GA HR32

Resolution

Official Source

Status

Passed

5/14/2025

Primary Sponsor

Chuck Efstration

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Proposes a constitutional amendment to increase the maximum acreage qualifying for bona fide conservation use property tax assessment from 2,000 acres to 4,000 acres per single owner
  • Applies to agricultural and timber land that receives preferential tax treatment based on current use, annual productivity, and real property sales data
  • Property owners must enter a covenant to maintain the land in conservation use, with a 10-year commitment period
  • Breach of the conservation covenant within 10 years triggers recapture of tax savings and potential additional penalties
  • Amendment will be placed on the ballot for Georgia voters to ratify or reject

Legislative Description

General Assembly; increase maximum acreage to qualify for assessment and taxation as a bona fide conservation use property - CA

Last Action

Effective Date 2025-05-14

5/14/2025

Committee Referrals

Finance3/4/2025
Ways and Means1/17/2025

Full Bill Text

No bill text available