08 LC 18
6634
House
Resolution 1013
By:
Representatives Levitas of the
82nd,
Lindsey of the
54th,
Powell of the
29th,
Geisinger of the
48th,
Jacobs of the
80th,
and others
A
RESOLUTION
Proposing
an amendment to the Constitution so as to authorize the General Assembly to
provide by law for homestead exemptions that freeze the assessment of property
with respect to any or all ad valorem property taxes; to provide for
ratification of such exemptions which were previously enacted; to provide for
the submission of this amendment for ratification or rejection; and for other
purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
VII, Section II, Paragraph II of the Constitution is amended by adding a new
subparagraph to subparagraph (a) to read as follows:
"(5)
Notwithstanding any other provision of this Constitution to the contrary, the
General Assembly is authorized to provide by law for homestead exemptions that
freeze the assessment of property with respect to any or all ad valorem property
taxes so long as such homestead exemptions otherwise comply with the
requirements of this Paragraph. Any such law may provide for a base year
valuation with an exemption amount equal to the amount of any increase in value
over that base year amount or may provide for such other valuation method as
determined by the General Assembly. Any such law may provide for annual or
periodic adjustments in valuation or exemption amount by indexing or such other
method as determined by the General Assembly. Any such general or local laws
enacted prior to January 1, 2009, are ratified expressly; provided, however,
that such ratification shall not be interpreted to imply that such laws were
invalid at the time they became law."
SECTION
2.
The
above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot
submitting the above proposed amendment shall have written or printed thereon
the following:
|
"( ) YES
( ) NO
|
Shall
the Constitution of Georgia be amended so as to authorize the General Assembly
to provide by law for homestead exemptions that essentially freeze the
assessment of property with respect to any or all ad valorem property taxes and
to provide for ratification of such exemptions which were previously
enacted?"
|
All
persons desiring to vote in favor of ratifying the proposed amendment shall vote
"Yes." All persons desiring to vote against ratifying the proposed amendment
shall vote "No." If such amendment shall be ratified as provided in said
Paragraph of the Constitution, it shall become a part of the Constitution of
this state.