2015-2016 Regular Session - SB 259
Ad Valorem Tax; provide for a homestead exemption from ad valorem taxes for state, county, municipal, or school purposes
First Reader Summary
A BILL to be entitled an Act to amend Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to property tax exemptions and deferral, so as to provide for a homestead exemption from ad valorem taxes for state, county, municipal, or school purposes in an amount equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year assessed value of such homestead; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.
Feb/26/2016 - Senate Read Second Time
Feb/25/2016 - Senate Committee Favorably Reported By Substitute
Jan/12/2016 - Senate Read and Referred
Jan/11/2016 - Senate Hopper