Georgia House of Representatives - 1995/1996 Sessions

HB 93 - Ad valorem tax; certain business exemption; local ordinance

Page Numbers - 1/ 2

Code Sections - 48-5-57

1. Holland  157th         2. Jenkins  110th          3. Epps  131st


House Comm: W&M        /                Senate Comm:            /                                   
House Vote: Yeas       Nays             Senate Vote: Yeas     Nays                                  
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               House          Action         Senate                                                 
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              1/9/95   Read 1st Time                                                                
              1/10/95  Read 2nd Time                                                                
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Rules Suspended to Introduce                                                                        
                                                                                                    
Code Sections amended: 48-5-57                                                                      


HB 93                                             LC 21 2946






                        A BILL TO BE ENTITLED
                               AN ACT


  1- 1  To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the
  1- 2  Official Code of Georgia Annotated, relating to property tax
  1- 3  exemptions and deferrals, so as to provide that local
  1- 4  governments shall be authorized to grant exemptions from ad
  1- 5  valorem taxes for certain property of certain taxpayers; to
  1- 6  provide conditions for the granting of such exemptions; to
  1- 7  provide conditions for an effective date and automatic
  1- 8  repeal; to repeal conflicting laws; and for other purposes.

  1- 9       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

                         SECTION 1.

  1-10  Part 1 of Article 2 of Chapter 5 of Title 48 of the Official
  1-11  Code of Georgia Annotated, relating to property tax
  1-12  exemptions and deferrals, is amended by inserting at the end
  1-13  thereof the following:

  1-14    "48-5-57. (Index)

  1-15    (a) Any other provision of law to the contrary
  1-16    notwithstanding, any county or municipal governing
  1-17    authority shall be authorized to provide by ordinance for
  1-18    a full or partial exemption from ad valorem taxes for
  1-19    county or municipal purposes, subject to the provisions of
  1-20    this Code section.

  1-21    (b) Any exemption granted pursuant to subsection (a) of
  1-22    this Code section shall:

  1-23      (1) Be granted only to new or expanding business
  1-24      ventures which propose to create new full-time jobs
  1-25      within the political subdivision.  The ordinance
  1-26      granting the exemption shall specify the minimum number
  1-27      of new jobs required to qualify for an exemption;

  1-28      (2) Apply only to improvements to real property or
  1-29      additions to personal property;

  1-30      (3) Be of five years' duration, with each business
  1-31      qualifying for such exemption within such five-year



                                 -1- (Index)

                                                  LC 21 2946

  2- 1      period being granted the exemption for a period of five
  2- 2      years after the exemption was granted; and

  2- 3      (4) Be conditioned upon approval by a majority of  the
  2- 4      electors of such political subdivision voting on the
  2- 5      question."

                         SECTION 2.

  2- 6  This Act shall become effective upon the ratification of an
  2- 7  amendment to the Constitution of Georgia at the general
  2- 8  election held in 1996 authorizing the General Assembly to
  2- 9  provide by general law for the exemption from ad valorem
  2-10  taxation provided for in this Act.  If such amendment is not
  2-11  so ratified, this Act shall stand repealed on the day
  2-12  following such election.

                         SECTION 3.

  2-13  All laws and parts of laws in conflict with this Act are
  2-14  repealed.






























                                 -2- (Index)