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HB 1145 - Homestead tax deferral; increase gross income limitation

Stephens, Ron (150th)	Day, Burke (153rd)	Mueller, Anne O'Quin (152nd)
Pelote, Dorothy B (149th)

Status Summary	HC:		SC:		FR:	/ /	LA:	/ /

First Reader Summary

A BILL to amend Code Section 48-5-73 of the Official Code of Georgia Annotated, relating to limitations applicable to homestead tax deferral, so as to increase the gross household income limitation; and for other purposes.

HB 1145                                            LC 18 9769 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-5-73 of the Official Code of 
  1- 2  Georgia Annotated, relating to limitations applicable to 
  1- 3  homestead tax deferral, so as to increase the gross 
  1- 4  household income limitation; to repeal conflicting laws; and 
  1- 5  for other purposes. 
 
  1- 6       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 7                           SECTION 1. 
 
  1- 8  Code Section 48-5-73 of the Official Code of Georgia 
  1- 9  Annotated, relating to limitations applicable to homestead 
  1-10  tax deferral, is amended by striking paragraph (2) and 
  1-11  inserting in its place a new paragraph (2) to read as 
  1-12  follows: 
 
  1-13      "(2) If the applicant's gross household income for the 
  1-14      immediately preceding calendar year exceeds $15,000.00 
  1-15      $25,000.00;". 
 
  1-16                           SECTION 2. 
 
  1-17  All laws and parts of laws in conflict with this Act are 
  1-18  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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