Bill > HR400

This resolution proposes a constitutional amendment to the Georgia State Constitution that would authorize an additional homestead tax exemption specifically for 100 percent disabled veterans. The proposed amendment would allow disabled veterans to receive a full property tax exemption on a homestead when they procure a loan to develop new residential construction, inherit a residential structure, or purchase an existing residential structure to use as their primary residence. Additionally, the resolution provides municipalities with the ability to seek supplementary funding to offset the potential revenue losses resulting from this new veterans' homestead exemption. The amendment would be submitted to voters for ratification, with the ballot offering a clear description of the proposed change and requiring voters to choose "Yes" or "No" on whether to add this provision to the state constitution. If ratified, the amendment would become part of the Georgia State Constitution, providing a significant property tax benefit to fully disabled veterans in the state.

Budget and Finance

https://www.legis.ga.gov/legislation/70859