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Georgia General Assembly > Legislation
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2005-2006 Regular Session - HR 26
Real estate transfer and intangible recording taxes; increase and allocate revenue - CA
Sponsored By
HC: Ways & MeansSC:
First Reader Summary
A RESOLUTION proposing an amendment to the Constitution so as to authorize the General Assembly by general law to provide for increases in the state real estate transfer tax and the state intangible recording tax; to provide that the General Assembly by general law may allocate the revenue from such increases to the Georgia Housing Trust Fund, as provided by law, for the specified purpose of assisting low and moderate income citizens of this state in obtaining and maintaining affordable housing; to provide that funds deposited in such trust fund shall not lapse; to provide that the General Assembly may provide by general law for the administration of such fund by such authority as the General Assembly shall determine; and for other purposes.
Status History
Jan/24/2005 - House Second Readers
Jan/12/2005 - House First Readers
Jan/11/2005 - House Hopper