Georgia legislation · 2025-2026 Regular Session
Georgia HR1472: General Assembly; assessment and taxation of affordable housing use property; provide - CA
Status: In committee, March 3, 2026
A RESOLUTION proposing an amendment to the Constitution so as to provide for assessment and taxation of affordable housing use property; to provide for definitions, methods of assessment and taxation, and conditions; 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 provide for assessment and taxation of affordable housing use property; to provide for definitions, methods of assessment and taxation, and conditions; to provide for related matters; to provide for the submission of this amendment for ratification or rejection; and for other purposes.
From the introduced text:
A RESOLUTION Proposing an amendment to the Constitution so as to provide for assessment and taxation of affordable housing use property; to provide for definitions, methods of assessment and taxation, and conditions; to provide for related matters; to provide for the submission of this amendment for ratification or rejection; and for other purposes. BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article VII, Section I, Paragraph III of the Constitution is amended by adding a new paragraph to read as follows: "(i) The General Assembly shall provide by general law for definitions and methods of assessment and taxation of 'affordable home use property' to be limited to property intended to be used for private single-family residential occupancy not to exceed five acres and to be sold to a single low-income family owner. Such methods of assessment and taxation shall be subject to the following conditions: (1) A property owner desiring the benefit of such methods of assessment and taxation shall be required to enter into a covenant to control, either directly or indirectly, the purchase price of residential housing for the primary purpose of providing that the housing remains affordable to lower income households; and H. R. 1472 LC 44 3379 (2) A breach of such covenant within ten years shall result in a recapture of the …
Sponsors
- Marvin Lim (D, 98) · primary sponsor
- Karen Lupton (D, 83)
- David Wilkerson (D)
- Kasey Carpenter (R, 4)
Latest actions
- : House Second Readers
- : House First Readers
- : House Hopper
Common questions
- What is HR1472?
- HR1472 is a bill in the Georgia Legislature (2025-2026 Regular Session): General Assembly; assessment and taxation of affordable housing use property; provide - CA.
- What does HR1472 do?
- In its own words: A resolution Proposing an amendment to the Constitution so as to provide for assessment and taxation of affordable housing use property; to provide for definitions, methods of assessment and taxation, and conditions; to provide for related matters; to provide for the submission of this amendment for ratification or rejection; and for other purposes.
- What is the status of HR1472?
- In committee as of March 3, 2026. Latest action: House Second Readers (March 3, 2026).
- Who sponsored HR1472?
- Marvin Lim (D, 98), with 3 co-sponsors.
- Where is the official record for HR1472?
- On the Georgia Legislature website: https://www.legis.ga.gov/legislation/73634
Source: official Georgia record. Tracked by Delilah, AI for legislation across all 50 states and Congress.