Georgia legislation · 2025-2026 Regular Session
Georgia HR1114: Homeowner's Incentive Adjustment clause; remove cap on benefits - CA
Status: Chaptered, May 11, 2026
A RESOLUTION proposing an amendment to the Constitution so as to remove the cap on benefits granted pursuant to the Homeowner's Incentive Adjustment clause; to provide for related matters; to provide for the submission of this amendment for ratification or rejection; and for other purposes.
What the bill says
A resolution Proposing an amendment to the Constitution so as to remove the cap on benefits granted pursuant to the Homeowner's Incentive Adjustment clause; to authorize the General Assembly to provide by general law for local grant and adjustment programs; to substantially revise procedures for financing local governments and local school systems to provide property tax relief for homeowners; to authorize the General Assembly to require the voters to approve proposed millage rates of local school systems and local governments that would increase local government revenues…
From the introduced text:
A RESOLUTION Proposing an amendment to the Constitution so as to remove the cap on benefits granted pursuant to the Homeowner's Incentive Adjustment clause; to authorize the General Assembly to provide by general law for local grant and adjustment programs; to substantially revise procedures for financing local governments and local school systems to provide property tax relief for homeowners; to authorize the General Assembly to require the voters to approve proposed millage rates of local school systems and local governments that would increase local government revenues; to revise provisions for sales and use taxes that may be levied by local boards of education for capital outlay projects and related purposes; to provide that the total of all sales, use, and excise taxes levied by local boards of education shall be capped at 2 percent; to make conforming changes; to provide for a general law establishing a new homestead option sales tax that may be enacted by all counties, consolidated governments, municipalities, and local school systems; to provide that all homestead properties shall be functionally exempt from local government and local school system ad valorem taxation after a certain date; to provide for general laws related to the exemption of properties from ad valorem taxes based upon the proceeds of such homestead option sales tax; to provide for local finance assessments …