Bill > SR56

This joint resolution proposes an amendment to the Georgia Constitution that would allow for increased property tax relief for homeowners. It would remove the current cap on the benefit amount homeowners can receive through a homeowner's incentive adjustment, which is a form of property tax relief. Additionally, it would authorize the General Assembly to permit local governments and school systems to create their own grant programs and use local tax funds to support these homeowner adjustments. Furthermore, it would allow the General Assembly to authorize local school systems to impose a 1 percent local option sales tax for a period of up to five years, specifically to offset reductions in property tax relief. This proposed amendment will be submitted to voters for ratification or rejection.