08 LC 18
7377
House
Bill 1408
By:
Representatives Mills of the
25th
and Rogers of the
26th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 13 of Chapter 5 of Title 48 of the Official Code of Georgia
Annotated, relating to ad valorem tax exemptions for qualified motor vehicles,
so as to provide for additional requirements and limitations; to provide for
related matters; to provide for a contingent effective date and applicability;
to provide for automatic repeal under certain circumstances; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
13 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating
to ad valorem tax exemptions for qualified motor vehicles, is amended by adding
a new Code section to read as follows:
"48-5-561.1.
No
person shall be authorized to apply for and receive the exemption provided for
under Code Section 48-5-561 unless such person is an individual natural person
and is a resident of this state as defined in paragraph (15) of Code Section
40-5-1, as amended."
SECTION
2.
This
Act shall become effective on January 1, 2009, and shall be applicable to all
taxable years beginning on or after January 1, 2009; provided, however, that
this Act shall only become effective on January 1, 2009, upon the ratification
of a resolution at the November, 2008, state-wide general election, which
resolution amends the Constitution so as to provide comprehensive ad valorem tax
reform pursuant to The Property Tax Reform Amendment. If such resolution is not
so ratified, this Act shall not become effective and shall stand repealed in its
entirety on January 1, 2009.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.