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Bill > HB717
GA HB717
GA HB717Forsyth County; ad valorem tax for educational purposes; provide homestead exemption
summary
Introduced
03/13/2023
03/13/2023
In Committee
03/29/2023
03/29/2023
Crossed Over
03/23/2023
03/23/2023
Passed
04/05/2023
04/05/2023
Dead
Signed/Enacted/Adopted
05/01/2023
05/01/2023
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To provide for a homestead exemption from Forsyth County school district ad valorem taxes for educational purposes, through tax year 2035, in an amount equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year assessed value of such homestead; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for related matters; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes.
AI Summary
This bill provides a homestead exemption from Forsyth County school district ad valorem (property) taxes for educational purposes, through tax year 2035. The exemption is equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year assessed value, with the base year value adjusted annually by no more than 4 percent. The exemption applies to the primary residence and up to 5 contiguous acres, and it is available to residents within the Forsyth County school district. The bill also requires a referendum for approval by Forsyth County voters before the exemption can take effect.
Committee Categories
Government Affairs
Sponsors (6)
Carter Barrett (R)*,
David Clark (R)*,
Brent Cox (R)*,
Rick Jasperse (R)*,
Todd Jones (R)*,
Lauren McDonald (R)*,
Last Action
Effective Date 2023-05-01 (on 05/01/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/65255 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/220024 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/219082 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/219081 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/217681 |
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