Bill
Bill > HR1114
summary
Introduced
01/28/2026
01/28/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
A RESOLUTION Proposing an amendment to the Constitution so as to remove the cap on benefits granted pursuant to the Homeowner's Incentive Adjustment clause; to authorize the General Assembly to provide by general law for local grant and adjustment programs; to substantially revise procedures for financing local governments and local school systems to provide property tax relief for homeowners; to authorize the General Assembly to require the voters to approve proposed millage rates of local school systems and local governments that would increase local government revenues; to revise provisions for sales and use taxes that may be levied by local boards of education for capital outlay projects and related purposes; to provide that the total of all sales, use, and excise taxes levied by local boards of education shall be capped at 2 percent; to make conforming changes; to provide for a general law establishing a new homestead option sales tax that may be enacted by all counties, consolidated governments, municipalities, and local school systems; to provide that all homestead properties shall be functionally exempt from local government and local school system ad valorem taxation after a certain date; to provide for general laws related to the exemption of properties from ad valorem taxes based upon the proceeds of such homestead option sales tax; to provide for local finance assessments by local governments; to limit the amount of assessments to the actual cost to the local jurisdiction for funding capital outlay projects and providing services; to require the offsetting or rollback of ad valorem property taxes; to provide for allocation of assessments; to provide for liens for unpaid assessments; to waive uniformity provisions; to provide for expenditure procedures and exemptions; to provide for related matters; to provide for the submission of this amendment for ratification or rejection; and for other purposes.
AI Summary
This joint resolution proposes a constitutional amendment to significantly alter property tax relief for homeowners and local government finance in Georgia. Key provisions include removing the cap on benefits from the Homeowner's Incentive Adjustment clause, allowing local governments and school systems to create their own incentive programs, and revising how local governments and school systems are financed. It also introduces a requirement for voter approval of millage rate increases that would boost local government revenue, caps local school system sales and use taxes for capital projects at 2 percent, and establishes a new "homestead option sales tax" that counties, cities, and school systems can enact. Crucially, the resolution mandates that all homestead properties (primary residences) will be exempt from local property taxes by a certain date, with provisions for offsetting this exemption through the new sales tax or by reducing other property taxes. Additionally, it allows for local finance assessments on properties to cover the cost of capital projects and services, with limits on these assessments and requirements for offsetting ad valorem property taxes. The proposed amendment will be submitted to voters for ratification.
Committee Categories
Budget and Finance
Sponsors (6)
Shaw Blackmon (R)*,
Jon Burns (R)*,
Chas Cannon (R)*,
Chuck Efstration (R)*,
Matt Hatchett (R)*,
Chuck Martin (R)*,
Last Action
House Ways And Means Subcommittee On Public Finance And Local Policy (upon Adjournment Of Income Tax) (13:30:00 2/10/2026 341 CAP) (on 02/10/2026)
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/72527 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/240611 |
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