HB 703 — Stone Mountain, City of; homestead exemption; certain residents
House Date Signed by Governor
A BILL to be entitled an Act to amend an Act to provide a $14,000.00 homestead exemption from certain ad valorem taxes levied by, for, or on behalf of the City of Stone Mountain for residents who are 62 years of age or older and whose net income together with the net income of the spouse who resides at the homestead of such resident does not exceed $10,000.00, approved April 9, 1999 (Ga. L. 1999, p. 3702), so as to increase the amount of such exemption to $20,000.00 of the assessed value of the homestead; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.
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