Plain English Breakdown
The exact number of acres added or the new total acreage limit is missing from the summary and digest texts.
HB90: Increase Acreage for Conservation Tax Breaks
This law changes Georgia tax rules to increase the maximum amount of land needed to qualify as a bona fide conservation use property.
What This Bill Does
- The bill amends Code Section 48-5-7.4 of the Official Code of Georgia Annotated.
- It increases the maximum acreage required for assessment and taxation as a bona fide conservation use property.
- The law relates to preferential assessment for both bona fide conservation use property and bona fide residential transitional property.
Who It Names or Affects
- Owners of land in Georgia seeking tax assessment based on conservation or agricultural use.
Limits and Unknowns
- The specific new acreage limit is not stated in the provided text, only that it will be increased.
- This law does not take effect until January 1, 2027.