08 LC
14 9764
House
Bill 1291
By:
Representatives Marin of the
96th,
Rice of the
51st,
and Floyd of the
99th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 36-44-9 of the Official Code of Georgia Annotated, relating
to computation of tax allocation increments of tax allocation districts under
the "Redevelopment Powers Law," so as to provide that the administrative body of
a community improvement district may consent to the inclusion of taxes levied by
it in the computation of tax allocation increments; to provide for related
matters; to provide for an effective date; to repeal conflicting laws; and for
other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 36-44-9 of the Official Code of Georgia Annotated, relating to
computation of tax allocation increments of tax allocation districts under the
"Redevelopment Powers Law," is amended by adding a new subsection (b.1) to read
as follows:
"(b.1)
When a tax allocation district is created within the area of operation of a
community improvement district, as established by Article IX, Section VII of the
Georgia Constitution, by the local legislative body of the municipality or the
local legislative body of the county, all or part of the ad valorem property
taxes levied by the community improvement district may be included in the
computation of tax allocation increments of a municipal tax allocation district
or county tax allocation district if the administrative body of the community
improvement district finds that such inclusion is consistent with the
constitutional purpose of such taxes and consents to such inclusion by
resolution duly adopted by said administrative
body."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.