Bill > HB595

This bill addresses a homestead tax exemption for elderly residents in Early County, Georgia, by removing the current sunset (expiration) date on an existing tax exemption. Specifically, the bill continues a property tax exemption that allows homeowners who are 70 years or older to receive a $150,000 reduction in the taxable value of their home for school district ad valorem (property) taxes. The bill mandates that a referendum (public vote) be held during the 2026 general primary election, where voters will decide whether to permanently remove the December 1, 2028 sunset date on this tax exemption. If more than half of the votes cast are in favor, the exemption will continue in effect starting January 1, 2027. The bill includes provisions to ensure the election is conducted properly, and if the election superintendent fails to follow the required procedures, any local voter can seek a court-mandated remedy to compel compliance. The bill requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to become law, reflecting the significant nature of modifying local tax exemptions.

Government Affairs

https://www.legis.ga.gov/legislation/70716