Bill
Bill > HB758
summary
Introduced
03/11/2025
03/11/2025
In Committee
03/28/2025
03/28/2025
Crossed Over
03/25/2025
03/25/2025
Passed
04/07/2025
04/07/2025
Dead
Signed/Enacted/Adopted
05/13/2025
05/13/2025
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To provide a homestead exemption from Spalding County school district ad valorem taxes for educational purposes in a graduated amount on the assessed value of the homestead for residents of that school district who are 65 years of age or older and based upon their income, excluding certain retirement income; to provide that such exemption shall be in the full amount of the assessed value of the homestead for residents of that school district who are 65 years of age or older and whose income, excluding certain retirement income, does not exceed $25,000.00, in the amount of half of the assessed value of the homestead for residents of that school district who are 65 years of age or older and whose income, excluding certain retirement income, is between $25,000.00 and $53,00.00, and in the amount of 25 percent of the assessed value of the homestead for residents of that school district who are 65 years of age or older and whose income, excluding certain retirement income, exceeds $53,00.00; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill provides a graduated homestead tax exemption for senior citizens (defined as residents 65 years or older) in the Spalding County school district, specifically for ad valorem taxes used for educational purposes. The exemption amount depends on the homeowner's annual income: residents with annual income up to $25,000 will receive a 100% exemption on their homestead's assessed value, those with income between $25,000 and $53,000 will receive a 50% exemption, and those with income over $53,000 will receive a 25% exemption. The exemption applies only to the Spalding County school district's educational taxes and does not include taxes for bond repayment or other governmental purposes. To qualify, senior citizens must file an initial application with the Spalding County tax commissioner, providing age and income information, after which the exemption will be automatically renewed each year. The bill requires a referendum election in November 2025, where voters in the Spalding County school district will decide whether to approve the tax exemption, and the exemption will take effect on January 1, 2026, if approved by a majority of voters. The bill also stipulates that it must receive a two-thirds majority vote in both the Georgia Senate and House of Representatives to become law.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Effective Date 2025-05-13 (on 05/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/71304 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/238030 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/235884 |
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