Bill > HB1116

Introduced Session

AN ACT To amend Chapters 5 and 8 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property and sales and use taxes, respectively, so as to provide for the acceptance of tax digests in the event of a publication error made by a newspaper; to provide for a 2026 homeowner tax relief grant; to revise required information for bills and notices of assessment for ad valorem tax of property; to increase the amount of a state-wide homestead exemption from certain ad valorem taxes; to provide for annual submissions and review of homestead information across the state; to expand the period of time within which taxpayers may apply for homestead exemptions; to provide for penalties for failing to report ineligibility for a homestead exemption; to provide for conforming changes; to revise provisions regarding the maximum period of time, imposition, timing for imposition and termination, and use of tax proceeds regarding special district option sales and use tax; to amend Part 4 of Article 6 of Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to financing under the "Quality Basic Education Act," so as to exclude amounts attributable to certain exemptions from ad valorem taxation from the equalized adjusted school property tax digest for the purpose of calculating the local five mill share and equalization grants; to require certain municipalities and counties to annually provide information relating to such exemptions to the Department of Revenue; to require the Department of Revenue to annually verify, certify as correct, and furnish the State Board of Education such information relating to such exemptions; to require the proposed annual operating budget resolution of a local board of education to be approved in a referendum election if such resolution would increase certain revenues raised by the local board of education by an amount that is 3 percent or more greater than the amount of revenues raised by the local board of education in the previous fiscal year; to provide for an exception to public meetings requirements; to provide for construction; to amend Article 1 of Chapter 81 of Title 36 of the Official Code of Georgia Annotated, relating to local government budgets and audits, so as to provide that certain proposed increases in revenue collections by local governments must be approved by the voters of such local government; to provide for a short title; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.

AI Summary

Committee Categories

Shaw Blackmon (R)*,  Jon Burns (R)*,  Chas Cannon (R)*,  Chuck Efstration (R)*,  Matt Hatchett (R)*,  Chuck Martin (R)*, 

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