08 LC 29
3239/AP
House
Bill 1334 (AS PASSED HOUSE AND SENATE)
By:
Representative Benton of the
31st
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend an Act providing for a homestead exemption from City of Commerce
independent school district ad valorem taxes for educational purposes in the
amount of $10,000.00 of the assessed value of the homestead for certain
residents of that school district who are 62 years of age or over and an
additional homestead exemption in the amount of $20,000.00 of the assessed value
of the homestead for certain residents of that school district who are 65 years
of age or over and whose net income, excluding certain retirement income, does
not exceed $18,000.00, approved April 25, 2002 (Ga. L. 2002, p. 4349), so as to
increase such additional exemption for such persons from $20,000.00 to $40,000;
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 City of Commerce independent school
district ad valorem taxes for educational purposes in the amount of $10,000.00
of the assessed value of the homestead for certain residents of that school
district who are 62 years of age or over and an additional homestead exemption
in the amount of $20,000.00 of the assessed value of the homestead for certain
residents of that school district who are 65 years of age or over and whose net
income, excluding certain retirement income, does not exceed $18,000.00,
approved April 25, 2002 (Ga. L. 2002, p. 4349), is amended by revising paragraph
(2) of subsection (a) of Section 2 as follows:
"(2)
In addition to the exemption provided for in paragraph (1) of this subsection,
each resident of the City of Commerce independent school district who is 65
years of age or over on or before January 1 of the year in which application for
the exemption under this paragraph is made is granted an exemption on that
person´s homestead from all City of Commerce independent school district ad
valorem taxes for educational purposes in the amount of $40,000.00 of the
assessed value of that homestead."
SECTION
2.
Unless
prohibited by the federal Voting Rights Act of 1965, as amended, the municipal
election superintendent of the City of Commerce 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 Commerce 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 Jackson County. The ballot shall have written or printed
thereon the words:
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"( ) YES
( ) NO
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Shall
the Act be approved which amends the current homestead exemption from the City
of Commerce independent school district ad valorem taxes for educational
purposes for residents of that school district who are 65 years of age or over
and whose net income, excluding certain retirement income, does not exceed
$18,000.00, by increasing the exemption amount from $20,000.00 to
$40,000.00?"
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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 on January 1, 2009, and
shall apply 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, this Act shall not become effective and 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 Commerce. 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.