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HB1240 • 2025

Local government; total ad valorem tax digest limitation upon creating new tax allocation districts shall also apply to the renewal of existing tax allocation districts; provide

Local government; total ad valorem tax digest limitation upon creating new tax allocation districts shall also apply to the renewal of existing tax allocation districts; provide

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Martin, Chuck
Last action
2026-02-26
Official status
House Committee Favorably Reported
Effective date
Not listed

Plain English Breakdown

The provided bill text excerpt contains significant unreadable characters and formatting errors (PDF stream data), limiting verification to the summary title and metadata.

HB1240: Tax Limits for Renewing Local Development Districts

This bill requires that the same tax revenue limits used when creating new development districts also apply when renewing existing ones.

What This Bill Does

  • Amends Chapter 44 of Title 36 regarding redevelopment powers.
  • Applies total ad valorem tax digest limitations on new Tax Allocation Districts to the renewal of existing Tax Allocation Districts.

Who It Names or Affects

  • Local governments creating or renewing Tax Allocation Districts

Limits and Unknowns

  • The official text does not specify an effective date.
  • The source material states that existing rules apply but does not list the specific dollar amounts or percentage caps for those limits.

Bill History

  1. 2026-02-26 Georgia General Assembly

    House Committee Favorably Reported

Official Summary Text

Local government; total ad valorem tax digest limitation upon creating new tax allocation districts shall also apply to the renewal of existing tax allocation districts; provide