Plain English Breakdown
The official text mentions 'contingent repeal' but does not specify the exact conditions that would trigger this.
Homestead Tax Exemption for Senior Volunteers
This law creates a state-wide property tax break in Georgia for certain senior citizens who volunteer with local governments.
What This Bill Does
- Provides a homestead exemption from ad valorem taxes for specific senior citizens who volunteer with local governments.
- Allows each local government to decide the dollar amount of the tax reduction.
- Sets definitions, terms, conditions, and procedures for applying for this exemption.
- Requires approval by voters through a referendum before it takes effect.
Who It Names or Affects
- Senior citizens who volunteer with local governments in Georgia
- Local government officials responsible for tax exemptions
Terms To Know
- Ad valorem tax
- A property tax based on the value of a home or land.
- Homestead exemption
- A reduction in taxes for people who live in their own homes.
Limits and Unknowns
- The exact amount of the tax break is not set by this law; local governments must decide it.
- The bill includes an automatic repeal clause, meaning it could end on its own at a future date if conditions are met.