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GA SB45
Bill
Status
Engrossed
2/19/2025
Primary Sponsor
Sam Watson
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AI Summary
- Increases the maximum acreage qualifying for preferential tax assessment as bona fide conservation use property from 2,000 acres to 4,000 acres per single owner
- Applies to property used for agricultural production, timber production, or environmentally sensitive land certified by the Department of Natural Resources
- Allows family farm entity members to allocate unused portions of their individual 4,000-acre limitation to the entity, enabling the entity to receive preferential assessment on more than 4,000 acres total
- Requires a constitutional amendment to be ratified by voters at the November 2026 statewide general election for the bill to take effect
- Effective date of January 1, 2027, contingent on voter approval; automatically repealed if the constitutional amendment fails
Legislative Description
Bona Fide Conservation Use Property; the maximum acreage to qualify for assessment and taxation; increase
Last Action
House Second Readers
2/21/2025
Committee Referrals
Ways and Means2/20/2025
Finance1/29/2025
Full Bill Text
No bill text available