08 LC 18
7047/AP
House
Bill 1282 (AS PASSED HOUSE AND SENATE)
By:
Representatives Keen of the
179th,
Hill of the
180th,
and Lane of the
167th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend an Act providing for a homestead exemption from Glynn County ad valorem
taxes for county purposes in an amount equal to the amount by which the current
year assessed value of a homestead exceeds the base year assessed value of such
homestead approved May 1, 2000 (Ga. L. 2000, p. 4612), as amended, so as to
provide for circumstances when such exemption may continue to be received if the
homestead is destroyed but repaired or rebuilt in similar size and value within
two years; 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 for a homestead exemption from Glynn County ad valorem taxes for
county purposes in an amount equal to the amount by which the current year
assessed value of a homestead exceeds the base year assessed value of such
homestead approved May 1, 2000 (Ga. L. 2000, p. 4612), as amended, is
amended by revising subsection (b) of Section 1 as follows:
"(b)
Each resident of Glynn County is granted an exemption on that person´s
homestead from Glynn County ad valorem taxes for county purposes in an amount
equal to the amount by which the current year assessed value of that homestead
exceeds the base year assessed value of the homestead. This exemption shall not
apply to taxes assessed on improvements to the homestead or additional land that
is added to the homestead after January 1 of the base year. If any real
property is removed from the homestead, the base year assessed value shall be
adjusted to reflect such removal and the exemption shall be recalculated
accordingly. The value of that property in excess of such exempted amount shall
remain subject to taxation. In the event the homestead is partially or
completely destroyed by a natural disaster or by criminal act of a person other
than the owner or member of the owner´s family, the owner shall continue to
receive the exemption provided for under this subsection calculated according to
the existing base year assessed value without the need of establishing a new
base year assessed value as long as the structure is repaired or rebuilt in such
a manner as to be, in the determination of the board of tax assessors, of
similar size and value as the initial structure within two years of the date the
home was partially or completely destroyed in such disaster."
SECTION
2.
Unless
prohibited by the federal Voting Rights Act of 1965, as amended, the election
superintendent of Glynn County shall call and conduct an election as provided in
this section for the purpose of submitting this Act to the electors of Glynn
County for approval or rejection. The election superintendent shall conduct
that election on the date of the 2008 presidential preference primary, 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 Glynn County. The ballot shall have written or printed
thereon the words:
|
"( ) YES
( ) NO
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Shall
the Act be approved which provides that the homestead exemption from Glynn
County ad valorem taxes for county purposes in an amount equal to the amount by
which the current year assessed value of a homestead exceeds the base year
assessed value of such homestead may continue to be received if the homestead is
destroyed but repaired or rebuilt in similar size and value within two
years?"
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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 immediately. 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 Glynn 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.