summary
Introduced
02/18/2026
02/18/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Chapters 7 and 8 of Title 48 and Chapter 8 of Title 33 of the Official Code of Georgia Annotated, relating to income taxes, sales and use taxes, and fees and taxes relative to insurance, respectively, so as to create the Georgia Property Tax Fairness Fund; to require that high-technology data center and insurance premium tax collections be deposited into such fund; to provide for the issuance of credits from such fund against the income tax liability of taxpayers residing in qualifying homes; to provide for the repeal of sales and use tax exemptions for high-technology data centers and insurance companies; to provide definitions; to provide constitutional authorization; to provide for the calculation, application, and limitations on tax credits; to provide for rules and regulations; to provide for recoverability; to provide for the repeal of insurance premium tax credits and abatements; to provide for conforming changes; to provide for a contingent effective date and automatic repeal; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill establishes the Georgia Property Tax Fairness Fund, which will be funded by taxes collected from high-technology data centers and insurance premiums. The bill aims to provide tax relief to residents by issuing credits against their income tax liability for those living in qualifying homes, defined as homes where either the homeowner's property tax and homeowners' insurance payments exceeded 5% of their income, or a renter's rent exceeded 33% of their income. Additionally, sales and use taxes collected from high-technology data centers will be used to reduce local property tax bills on homes, with a cap of $2,500 per home. The bill also repeals existing sales and use tax exemptions for high-technology data centers and removes certain tax credits and abatements for insurance companies, with the intention of redirecting these tax revenues to the new fund for resident tax relief. This legislation is contingent on voter approval of a constitutional amendment in November 2026.
Committee Categories
Budget and Finance
Sponsors (11)
Tonya Anderson (D)*,
Gail Davenport (D)*,
Jaha Howard (D)*,
Nabilah Islam Parkes (D)*,
Kim Jackson (D)*,
Harold Jones (D)*,
RaShaun Kemp (D)*,
Nikki Merritt (D)*,
Nan Orrock (D)*,
Sheikh Rahman (D)*,
Kenya Wicks (D)*,
Last Action
Senate Read and Referred (on 02/19/2026)
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/73380 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/243101 |
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