Bill > SB304

This bill establishes a temporary program to provide direct tax relief to property owners in Georgia who experienced property damage or destruction during a specific natural disaster occurring between September 24 and September 30, 2024. The bill defines a "qualified disaster" as one certified by the Federal Emergency Management Agency (FEMA) and a "disaster area" as counties designated for public assistance under the FEMA-4830-DR Georgia disaster declaration as of November 4, 2024. Property owners who owned affected property at the time of the disaster and had their property destroyed or damaged can receive a payment equal to the total amount of property taxes levied for the 2024 tax year, provided they submit all necessary documentation to the commissioner by July 31, 2025. The bill applies to all real and personal property subject to taxation, excluding public utility properties, and will remain in effect until December 31, 2025. The payments are contingent upon appropriations by the General Assembly and will be determined by county boards of tax assessors, with property owners required to provide specific documentation to receive the tax relief payment.

Budget and Finance

https://www.legis.ga.gov/legislation/71004