2009-2010 Regular Session - SB 186
Redevelopment Powers; computation of tax allocation increments of districts; ad valorem property taxes
First Reader Summary
A BILL to be entitled an Act to amend Chapter 44 of Title 36 of the O.C.G.A., 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.
Feb/24/2009 - Senate Read and Referred
Feb/19/2009 - Senate Hopper