08 LC 28
3976ER
Senate
Bill 493
By:
Senators Thompson of the 5th and Stoner of the 6th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 44 of Title 36 of the Official Code of Georgia Annotated, relating
to redevelopment powers, so as to provide that when a tax allocation district is
created within the area of operation of a community improvement district
established pursuant to 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 such
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 such community improvement
district consents to such inclusion by resolution duly adopted by said
administrative body; to provide for related matters; to repeal conflicting laws;
and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
44 of Title 36 of the Official Code of Georgia Annotated, relating to
redevelopment powers, is amended by revising subsection (c) of Code Section
36-44-9, relating to computation of tax allocation increments of districts, as
follows:
"(c)
When a tax allocation district is created within the area of operation of a
county by the local legislative body of the county, property taxes for computing
tax allocation increments shall be based on all county ad valorem property taxes
levied for county governmental purposes. Ad valorem property taxes levied for
county school district purposes may be included in the computation of tax
allocation increments for a county tax allocation district if the board of
education of the county school district or the local legislative body of the
county, whichever is authorized to establish the ad valorem tax millage rate for
educational purposes, consents to such inclusion by resolution duly adopted by
said board of education or local legislative body, respectively.
When a tax
allocation district is created within the area of operation of a community
improvement district established pursuant to 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 such 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 such community
improvement district consents to such inclusion by resolution duly adopted by
said administrative
body."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.