Plain English Breakdown
The source text is limited to the title and digest; it does not contain specific details about tax rates or property criteria.
Extending Tax Breaks for Historic Properties
This bill proposes to change Georgia tax laws to extend the time certain historic properties can receive special low-tax status.
What This Bill Does
- Amends state code regarding ad valorem taxation of property.
- Provides for an extension of preferential assessment periods for certain historic properties.
Limits and Unknowns
- The official text does not specify the length of the extension or which specific properties qualify.
- No effective date is provided in the metadata.
- The bill was withdrawn and recommitted to committee, so it has not yet become law.