08 HB
1190/AP
House
Bill 1190 (AS PASSED HOUSE AND SENATE)
By:
Representatives Kaiser of the
59th,
Ashe of the
56th,
Thomas of the
55th,
Wilkinson of the
52nd,
Lindsey of the
54th,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend an Act providing a homestead exemption from Fulton County ad valorem taxes
for county purposes in the amount of $15,000.00 of the assessed value of the
homestead for residents of that county, approved April 20, 1992 (Ga. L. 1992, p.
6583), so as to increase the exemption amount to $30,000.00 after a three-year
phase-in period; to provide for applicability; to provide for a referendum,
effective dates, and automatic repeal; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
An
Act providing a homestead exemption from Fulton County ad valorem taxes for
county purposes in the amount of $15,000.00 of the assessed value of the
homestead for residents of that county, approved April 20, 1992 (Ga. L. 1992, p.
6583), is amended by revising Section 2 as follows:
"SECTION
2.
(a)
Each resident of Fulton County is granted an exemption on that person´s
homestead from all Fulton County ad valorem taxes for county purposes as
follows:
(1)
For the taxable year beginning on or after January 1, 2009, and prior to
January 1, 2010, in the amount of $20,000.00 of the assessed value of that
homestead;
(2)
For the taxable year beginning on or after January 1, 2010, and prior to
January 1, 2011, in the amount of $25,000.00 of the assessed value of that
homestead; and
(3)
For all taxable years beginning on or after January 1, 2011, in the amount of
$30,000.00 of the assessed value of that homestead.
(b)
The value of that property in excess of such exempted amount under subsection
(a) of this section shall remain subject to taxation."
SECTION
2.
Unless
prohibited by the federal Voting Rights Act of 1965, as amended, the election
superintendent of Fulton County shall call and conduct an election as provided
in this section for the purpose of submitting this Act to the electors of Fulton
County for approval or rejection. The election superintendent shall conduct
that election on the date of the November, 2008, state-wide general election and
shall issue the call and conduct that election as provided by general law. The
election superintendent shall cause the date and purpose of the election to be
published once a week for two weeks immediately preceding the date thereof in
the official organ of Fulton County. The ballot shall have written or printed
thereon the words:
|
"( ) YES
( ) NO
|
Shall
the Act be approved which increases the homestead exemption from Fulton County
ad valorem taxes for county purposes from $15,000.00 to $30,000.00 after a
three-year phase-in period?"
|
All
persons desiring to vote for approval of the Act shall vote "Yes," and all
persons desiring to vote for rejection of the Act shall vote "No." If more than
one-half of the votes cast on such question are for approval of the Act, Section
1 of this Act shall become of full force and effect on January 1, 2009, and
shall be applicable to all taxable years beginning on or after January 1, 2009.
If the Act is not so approved or if the election is not conducted as provided
in this section, Section 1 of this Act shall not become effective, and this Act
shall be automatically repealed on the first day of January immediately
following that election date. The expense of such election shall be borne by
Fulton County. It shall be the election superintendent´s duty to certify
the result thereof to the Secretary of State.
SECTION
3.
Except
as otherwise provided in Section 2 of this Act, this Act shall become effective
upon its approval by the Governor or upon its becoming law without such
approval.
SECTION
4.
All
laws and parts of laws in conflict with this Act are repealed.