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GA HB688

GA HB688
Gwinnett County; ad valorem tax for county purposes; provide homestead exemption

summary

Introduced
03/01/2021
In Committee
Crossed Over
Passed
Dead
04/04/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

AN ACT To provide a homestead exemption from Gwinnett County ad valorem taxes for county purposes, other than to retire bonded indebtedness, in an amount equal to $20,000.00 of the assessed value of the homestead for residents of Gwinnett County whose federal adjusted gross income, as well as the federal adjusted gross income of the spouse of such resident and all other members of the family who also reside at such homestead, is less than $10,000.00; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to require annual income reporting; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.

AI Summary

This bill provides a homestead exemption from Gwinnett County ad valorem (property) taxes for county purposes, other than for retiring bonded indebtedness, in an amount equal to $20,000 of the assessed value of the homestead for residents of Gwinnett County whose federal adjusted gross income, including their spouse and other family members residing at the homestead, is less than $10,000. The exemption requires annual income reporting and must be approved by a referendum in Gwinnett County before it can take effect on January 1, 2023.

Committee Categories

Government Affairs

Sponsors (6)

Last Action

House Second Readers (on 03/05/2021)

bill text

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Document Type Source Location Created
BillText https://www.legis.ga.gov/api/legislation/document/20212022/199257 03/02/2021
Bill https://www.legis.ga.gov/legislation/60213 03/02/2021
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