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GA HB311

GA HB311
Ad valorem tax; optional temporary tax relief to certain properties located in nationally declared federal disaster areas; provide


summary

Introduced
02/08/2023
In Committee
03/09/2023
Crossed Over
03/01/2023
Passed
03/15/2023
Dead
Signed/Enacted/Adopted
03/16/2023

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT To amend Article 1 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions regarding ad valorem taxation of property, so as to provide for optional temporary tax relief to certain properties located in nationally declared federal disaster areas; to provide for rules, procedures, conditions, and limitations; to provide for appeals; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

AI Summary

This bill provides an optional mechanism for local governing authorities in Georgia to grant temporary tax relief to buildings located in federally declared disaster areas that have been severely damaged or destroyed. The bill outlines the process for local emergency management directors to assess the level of damage, create a report, and provide that information to tax commissioners and governing authorities. Governing authorities can then choose to provide relief through reduced millage rates or flat-dollar credits applied to eligible damaged or destroyed properties. The bill also allows property owners to appeal the damage assessment determinations. The provisions of the bill will take effect for property tax assessments issued on or after April 1, 2023.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Effective Date 2023-03-16 (on 03/16/2023)

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