HB 162 — Commerce, City of; independent school district ad valorem tax; change net income limitation

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 change the net income limitation for receiving such exemptions from $18,000.00 to $25,000.00, not including certain retirement income; to repeal conflicting laws; and for other purposes.

House Date Signed by Governor

Legislative term

Georgia General Assembly 2019–2020

Session

2019-2020 Regular Session

Chamber or committee

Georgia House of Representatives

Measure type

Bill

Introduced

Feb 7, 2019