Bill
Bill > HB1068
GA HB1068
Jefferson, City of; homestead exemption; revise existing exemptions and add new exemption
summary
Introduced
01/29/2024
01/29/2024
In Committee
02/08/2024
02/08/2024
Crossed Over
02/01/2024
02/01/2024
Passed
04/01/2024
04/01/2024
Dead
Signed/Enacted/Adopted
05/06/2024
05/06/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To amend an Act providing a homestead exemption from City of Jefferson independent school district ad valorem taxes for educational purposes in the amount of $10,000.00 of the assessed value of the homestead for certain residents of that school district who are 62 years of age or over and an additional homestead exemption in the amount of $20,000.00 of the assessed value of the homestead for certain residents of that school district who are 65 years of age or over and whose net income, excluding certain retirement income, does not exceed $18,000.00, approved April 25, 2002 (Ga. L. 2002, p. 4353), as amended, so as to revise existing exemptions and add a new exemption; 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 revises the homestead exemptions from City of Jefferson independent school district ad valorem taxes for educational purposes. It increases the exemption amounts to $40,000 for residents between 62 and 64 years of age, $75,000 for residents between 65 and 69 years of age, and $100,000 for residents 70 years of age or older, with an income limitation of $400,000 for all such exemptions. The bill requires a referendum for voter approval and outlines the process for the municipal election superintendent to conduct the election. The bill also includes provisions for compliance with constitutional requirements, automatic repeal if not approved, and judicial remedies for failure to comply.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Effective Date 2024-05-06 (on 05/06/2024)
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/66456 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/223303 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/222235 |
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