07 LC 25
4639
House
Resolution 244
By:
Representatives Buckner of the
130th,
Crawford of the
127th,
Benfield of the
85th,
Epps of the
128th,
and Jamieson of the
28th
A
RESOLUTION
Proposing
an amendment to the Constitution so as to remove an acreage restriction on bona
fide conservation use property for purposes of current use taxation; to provide
for related matters; to provide for 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 I, Paragraph III of the Constitution is amended in subparagraph (e)
by revising the introductory language and subparagraph (1) as
follows:
"(e)
The General Assembly shall provide by general law:
(1)
For the definition and methods of assessment and taxation, such methods to
include a formula based on current use, annual productivity, and real property
sales data, of: 'bona fide conservation use property' to include bona fide
agricultural and timber land
not to
exceed 2,000
without
limitation on the number of acres of a
single owner; and 'bona fide residential transitional property,' to include
private single-family residential owner occupied property located in
transitional developing areas not to exceed five acres of any single owner. Such
methods of assessment and taxation shall be subject to the following
conditions:
(A)
A property owner desiring the benefit of such methods of assessment and taxation
shall be required to enter into a covenant to continue the property in bona fide
conservation use or bona fide residential transitional use; and
(B)
A breach of such covenant within ten years shall result in a recapture of the
tax savings resulting from such methods of assessment and taxation and may
result in other appropriate penalties;"
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 remove an acreage restriction on
bona fide conservation use property for purposes of current use
taxation?"
|
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.