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GA HR1392
GA HR1392Ad valorem tax; qualified low-income building projects may be classified as a separate class of property; provide - CA
summary
Introduced
02/18/2026
02/18/2026
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 provide that qualified low-income building projects may be classified as a separate class of property for ad valorem property tax purposes, and different rates, methods, and assessment dates may be provided for such building projects; to provide for the submission of this amendment for ratification or rejection; and for other purposes.
AI Summary
This resolution proposes an amendment to the Georgia Constitution to allow "qualified low-income housing projects" to be treated as a distinct category of property for the purpose of ad valorem property taxes, which are taxes based on the assessed value of property. This means that these specific housing projects could have different tax rates, calculation methods, and deadlines for assessment compared to other types of property. The resolution also outlines the process for submitting this proposed amendment to voters for their approval or rejection, referencing specific constitutional provisions for publication and voting procedures, and includes the exact wording that will appear on the ballot for voters to decide. The term "ad valorem" means "according to value," referring to taxes levied on the assessed value of property.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Second Readers (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/73350 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/243065 |
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