Bill > SB43

This bill proposes to increase the maximum acreage for "bona fide conservation use property" from 2,000 acres to 6,000 acres for tax assessment purposes. The legislation applies to two types of land: agricultural/timber production properties and environmentally sensitive properties. Under the current law, property owners can receive a preferential tax assessment if their land is used primarily for agricultural production or environmental conservation. The bill modifies several sections of Georgia tax code to reflect the new 6,000-acre limit, including how beneficial interests in family-owned farm entities are calculated and how property owners can apply for current use assessment. Importantly, the bill is contingent on a constitutional amendment being ratified by voters in the November 2026 state-wide general election, meaning if voters do not approve the amendment, the bill will not take effect. The changes aim to provide more flexibility for landowners engaged in conservation and agricultural activities by allowing them to receive tax benefits on a larger amount of land.

Budget and Finance

https://www.legis.ga.gov/legislation/69582