GA SR56

Proposes a constitutional amendment to remove the current $18,000 cap on the Homeowner's Incentive Adjustment, allowing benefits up to the taxpayer's full ad valorem property tax liability on their homestead

Authorizes the General Assembly to allow local governments and local school systems to establish their own local grant programs and appropriate local tax funds for homeowner's incentive adjustments

Permits local school systems to impose a 1% local option sales tax for up to five years to offset reductions in homestead property tax relief

Requires voter ratification of the amendment, with the ballot question asking whether to authorize local grants, remove benefit caps, and allow sales taxes to offset property tax relief