08 HB
1191/AP
House
Bill 1191 (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 City of Atlanta independent
school district ad valorem taxes for educational purposes in the amount of
$15,000.00 of the assessed value of the homestead for residents of that school
district, approved May 4, 1992 (Ga. L. 1992, p. 7003), 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 City of Atlanta independent school
district ad valorem taxes for educational purposes in the amount of $15,000.00
of the assessed value of the homestead for residents of that school district,
approved May 4, 1992 (Ga. L. 1992, p. 7003), is amended by revising Section 2 as
follows:
"SECTION
2.
(a)
Each resident of the City of Atlanta independent school district is granted an
exemption on that person´s homestead from all City of Atlanta independent
school district ad valorem taxes for educational 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 municipal
election superintendent of the City of Atlanta shall call and conduct an
election as provided in this section for the purpose of submitting this Act to
the electors of the City of Atlanta independent school district for approval or
rejection. The municipal 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 municipal
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 City of Atlanta
independent school district ad valorem taxes for educational 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
the City of Atlanta. 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.