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Bill > SB439
GA SB439
GA SB439City of Atlanta; independent school district ad valorem taxes for educational purposes; provide
summary
Introduced
01/31/2024
01/31/2024
In Committee
02/26/2024
02/26/2024
Crossed Over
02/13/2024
02/13/2024
Passed
04/02/2024
04/02/2024
Dead
Signed/Enacted/Adopted
05/06/2024
05/06/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To provide a homestead exemption from City of Atlanta independent school district ad valorem taxes for educational purposes in the amount of $100,000.00 of the assessed value of the homestead for residents of that city who are 65 years of age or older and whose income does not exceed $100,000.00; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; 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 provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill provides a $100,000 homestead exemption from City of Atlanta independent school district ad valorem (property) taxes for educational purposes for residents of the city who are 65 years of age or older and whose income does not exceed $100,000. The exemption applies to all taxable years beginning on or after January 1, 2025. The bill requires a referendum to be held in November 2024 for voters to approve the exemption, and the exemption will only take effect if approved by more than half of the votes cast. The bill also specifies the procedures for claiming and renewing the exemption, and it clarifies that the exemption applies only to City of Atlanta independent school district taxes and not to other state, county, or municipal taxes.
Committee Categories
Government Affairs
Sponsors (7)
Gail Davenport (D)*,
Jason Esteves (D)*,
Sonya Halpern (D)*,
Josh McLaurin (D)*,
Nan Orrock (D)*,
Elena Parent (D)*,
Betsy Holland (D),
Last Action
Act 624 (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/66562 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/225731 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/223949 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/222551 |
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