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GA SR811

GA SR811
Georgia Property Tax Fairness Fund; General Assembly shall be authorized to provide by law to expend or authorize the expenditure of public funds; provide -CA


summary

Introduced
02/18/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

A RESOLUTION Proposing an amendment to the Constitution of the State of Georgia so as to provide that the General Assembly shall be authorized to provide by law to expend or authorize the expenditure of public funds for the Georgia Property Tax Fairness Fund without the need for benefit in return; to create the Georgia Property Tax Fairness Fund to reduce the income tax liability and ad valorem tax liability of taxpayers residing in qualifying homes; to increase 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 provide for related matters; to provide for submission of this amendment for ratification or rejection; and for other purposes.

AI Summary

This resolution proposes an amendment to the Georgia Constitution to create a Georgia Property Tax Fairness Fund, which would allow the General Assembly to spend public funds to reduce the income tax and property tax (ad valorem tax) liability for residents in qualifying homes. Importantly, this fund would not require a direct benefit in return for the public funds spent, and the money in the fund would be separate from state funds. The resolution also significantly increases the maximum benefit homeowners can receive under the Homeowner's Incentive Adjustment clause, from $18,000 to $150,000 of assessed value or property tax liability, and allows local governments to use their tax funds for similar homeowner relief programs. The proposed amendment will be put to a vote of the people for ratification.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Senate Read and Referred (on 02/19/2026)

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