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HB 703

Georgia - Session 1033

House enacted 2025-05-13
Bill Details

Title: Peachtree City, City of; ad valorem tax for municipal purposes; homestead exemption; increase income cap

Summary

A BILL to be entitled an Act to amend an Act to provide for a homestead exemption from City of Peachtree City ad valorem taxes for municipal purposes in the amount of $5,000.00 of the assessed value of the homestead for residents of that city who are 65 years of age or over and whose income does not exceed $30,000.00, approved May 5, 2005 (Ga. L. 2005, p. 3719), so as to increase the income cap related to qualifying for such exemption to $60,000.00; to increase the value of the exemption to $30,000.00 of the assessed value; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to provide for mandatory execution of election and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.

Sponsor
Bonner, Josh
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-03-03 Introduced Bill introduced
2025-05-13 Status enacted
2025-05-13 Latest Action Effective Date
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