HB 1178 — Commerce, City of; independent school district ad valorem tax homestead exemption; require yearly income statements to continue to receive exemption
A BILL to be entitled an Act to amend an Act providing a homestead exemption from City of Commerce independent school district ad valorem taxes for educational purposes in the amount of $10,000.00 of the assessed value of the homestead for certain residents of that school district who are 62 years of age or over and an additional homestead exemption in the amount of $20,000.00 of the assessed value of the homestead for certain residents of that school district who are 65 years of age or over and whose net income, excluding certain retirement income, does not exceed $18,000.00, approved April 25, 2002 (Ga. L. 2002, p. 4349), as amended, so as to require yearly income statements to continue to receive the exemption; to provide for related matters; to provide for an effective date and for applicability; to repeal conflicting laws; and for other purposes.
House Date Signed by Governor