SB 197 — Property Tax Exemptions; all real property owned by certain purely public charities; single family homes; financed to individuals using no-interest loans; exempt
Senate Read and Referred
A BILL to be entitled an Act to amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to property tax exemptions, so as to exempt all real property owned by certain purely public charities if such real property is held exclusively for the purpose of building or repairing single-family homes to be financed to individuals using no-interest loans; to provide for a referendum; to provide for effective dates, applicability, and automatic repeal; to provide for compliance with constitutional requirements; to provide for related matters; to repeal conflicting laws; and for other purposes.
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