Georgia legislation · 2025-2026 Regular Session
Georgia SB382: Ad Valorem Taxation; make the state-wide base year homestead exemption mandatory for all political subdivisions
Status: Failed, March 27, 2026
A BILL to be entitled an Act to amend Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property, so as to make the state-wide base year homestead exemption mandatory for all political subdivisions; to repeal a related tax bill requirement; to make conforming changes; to amend Article 2B of Chapter 8 of Title 48 of the Official Code of Georgia Annotated, relating to special district option sales and use tax, so as to remove a condition precedent to the call for a referendum for such tax; to provide for effective dates and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Titles 20, 36, and 48 of the Official Code of Georgia Annotated, relating to education, local government, and revenue and taxation, respectively, so as to provide for property tax reform; to revise provisions regarding caps on local sales and use tax; to require that each sales tax return include specific information regarding the collection of such taxes; to revise the special district option sales and use tax (FLOST); to provide for imposition pursuant to resolution; to provide for distribution and use of proceeds…
From the introduced text:
A BILL TO BE ENTITLED To amend Titles 20, 36, and 48 of the Official Code of Georgia Annotated, relating to education, local government, and revenue and taxation, respectively, so as to provide for property tax reform; to revise provisions regarding caps on local sales and use tax; to require that each sales tax return include specific information regarding the collection of such taxes; to revise the special district option sales and use tax (FLOST); to provide for imposition pursuant to resolution; to provide for distribution and use of proceeds; to revise the single state-wide homestead exemption from a base year homestead exemption to a uniform reduction of the value of the homestead; to eliminate its application to local school systems; to make such state-wide homestead exemption mandatory; to exclude amounts attributable to certain exemptions from ad valorem taxation from the equalized adjusted school property tax digest for the purpose of calculating the local five mill share and equalization grants; to require the proposed annual operating budget resolution of a local board of education to be approved in a referendum election if such resolution would increase certain revenues raised by the local board of education by a certain amount; to provide that certain proposed increases in revenue collections by local governments must be approved by the voters of such local …