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GA HB1064

GA HB1064
Fulton County; ad valorem tax; provide new homestead exemption


summary

Introduced
03/19/2018
In Committee
03/29/2018
Crossed Over
03/23/2018
Passed
04/03/2018
Dead
Signed/Enacted/Adopted
05/08/2018

Introduced Session

2017-2018 Regular Session

Bill Summary

A BILL to be entitled an Act to provide for a new homestead exemption from Fulton County ad valorem taxes for county purposes in the amount of $60,000.00 of the assessed value of the homestead for residents of that county who are older than 65 years of age; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.

AI Summary

This bill provides a new homestead exemption from Fulton County ad valorem (property) taxes for county purposes in the amount of $60,000 of the assessed value of the homestead for residents of Fulton County who are older than 65 years of age. The bill defines key terms, specifies the application and eligibility requirements, and states that the exemption applies to all taxable years beginning on or after January 1, 2019. The bill also requires a referendum to be held on November 6, 2018, for the electors of Fulton County to approve or reject the Act, and provides that the Act will be automatically repealed if it is not approved.

Committee Categories

Government Affairs

Sponsors (5)

Last Action

Effective Date (on 05/08/2018)

bill text


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