Georgia HB1105: Ad valorem tax; education purposes of homesteads of qualified individuals who are 65 years of age or older; provide exemption

What the bill says

To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide an exemption from ad valorem taxation for education purposes of homesteads of qualified individuals who are 65 years of age or older; to specify certain terms, conditions, and procedures relating thereto; to provide for applicability; to provide that falsifying information with regard to such exemption shall be unlawful; to provide for penalties; to provide for related matters; to provide for a referendum…

From the introduced text:

A BILL TO BE ENTITLED To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide an exemption from ad valorem taxation for education purposes of homesteads of qualified individuals who are 65 years of age or older; to specify certain terms, conditions, and procedures relating thereto; to provide for applicability; to provide that falsifying information with regard to such exemption shall be unlawful; to provide for penalties; to provide for related matters; to provide for a referendum; to provide for effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, is amended by adding a new Code section to read as follows: "48-5-52.2. (a) The homestead of each resident of each independent school district and of each county school district within this state who is 65 years of age or older is exempted from all ad H. B. 1105 LC 28 0706 valorem taxes for education purposes levied by, for, or on behalf of any such …