Bill
Bill > HB1325
GA HB1325
GA HB1325Ad valorem tax; certain senior citizens who volunteer with local governments; provide homestead exemption
summary
Introduced
02/20/2024
02/20/2024
In Committee
Crossed Over
Passed
Dead
03/28/2024
03/28/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide for a state-wide homestead exemption from ad valorem taxes for certain senior citizens who volunteer with local governments in an amount to be determined by such local governments; 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 approval and identification of additional terms and conditions by local governing authorities; to provide for related matters; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to provide for contingent repeal; to repeal conflicting laws; and for other purposes.
AI Summary
This bill proposes to provide a statewide homestead exemption from ad valorem (property) taxes for certain senior citizens (aged 70 and older) in Georgia who volunteer with their local governments. The exemption amount would be determined by the local governing authorities, but would not exceed the lesser of $500 or the total tax owed per year. The bill requires local governments to approve and enact additional terms and conditions, such as the hourly credit for volunteer work and the types of eligible volunteer activities. The exemption would apply starting in 2025, subject to approval by Georgia voters in a 2024 referendum.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
House Second Readers (on 02/22/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/67199 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/224614 |
Loading...