summary
Introduced
01/23/2018
01/23/2018
In Committee
03/09/2018
03/09/2018
Crossed Over
02/06/2018
02/06/2018
Passed
04/04/2018
04/04/2018
Dead
Signed/Enacted/Adopted
05/03/2018
05/03/2018
Introduced Session
2017-2018 Regular Session
Bill Summary
A BILL to be entitled an Act to amend Article 1 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions regarding ad valorem taxation of property, so as to repeal certain provisions relating to state ad valorem tax; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill repeals the provisions in Georgia law that require the state to levy an ad valorem (property) tax. Specifically, it removes the requirement for the Governor to annually set the state property tax rate, which has been gradually decreasing since 2011 and was set to be eliminated entirely in 2016. The bill also clarifies that no state property tax will be levied going forward. Additionally, it modifies a related law regarding the transfer or assignment of security instruments to clarify that the state property tax would still be due on any new advances of indebtedness secured by a previously recorded instrument.
Sponsors (6)
John Corbett (R)*,
Spencer Frye (D)*,
Brett Harrell (R)*,
Patty Marie Stinson (D)*,
Samuel Teasley (R)*,
John Albers (R),
Last Action
Effective Date (on 07/01/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://www.legis.ga.gov/Legislation/20172018/178916.pdf |
| BillText | http://www.legis.ga.gov/Legislation/20172018/176059.pdf |
| BillText | http://www.legis.ga.gov/Legislation/20172018/172533.pdf |
| BillText | http://www.legis.ga.gov/Legislation/20172018/172353.pdf |
| BillText | http://www.legis.ga.gov/Legislation/20172018/171392.pdf |
| Bill | http://www.legis.ga.gov/legislation/en-us/display/20172018/hb/729 |
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