08 HB
1192/AP
House
Bill 1192 (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 ad valorem
taxes for municipal purposes in the amount of $15,000.00 of the assessed value
of the homestead for residents of that city, approved May 4, 1992 (Ga. L. 1992,
p. 7007), 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 ad valorem taxes for
municipal purposes in the amount of $15,000.00 of the assessed value of the
homestead for residents of that city, approved May 4, 1992 (Ga. L. 1992, p.
7007), is amended by revising Section 2 as follows:
"SECTION
2.
(a)
Each resident of the City of Atlanta is granted an exemption on that
person´s homestead from all City of Atlanta ad valorem taxes for municipal
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 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
ad valorem taxes for municipal 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 municipal 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.