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HB 1416 - Ad valorem tax; exempt certain farm equipment

West, Jack (101st)	Stallings, Tracy (100th)	Royal, A. Richard (164th)
Walker, Larry (141st)	Reece, Barbara Massey (11th)	Sims, Chuck (167th)

Status Summary	HC:	W&M	SC:	F&PU	FR:	02/10/00	LA:	04/28/00	Signed by Governor

First Reader Summary

A BILL to amend Code Section 48-5-41.1 of the Official Code of Georgia Annotated, relating to exemption of certain agricultural products from ad valorem taxation, so as to provide an ad valorem tax exemption for certain farm equipment owned and used by family owned qualified farm products producers; and for other purposes.

HB 1416                                            LC 14 7438 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-5-41.1 of the Official Code of 
  1- 2  Georgia Annotated, relating to exemption of certain 
  1- 3  agricultural products from ad valorem taxation, so as to 
  1- 4  provide an ad valorem tax exemption for certain farm 
  1- 5  equipment owned and used by family owned qualified farm 
  1- 6  products producers; to provide for a special election; to 
  1- 7  provide for effective dates and applicability; to provide 
  1- 8  for automatic repeal under certain circumstances; to repeal 
  1- 9  conflicting laws; and for other purposes. 
 
  1-10       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1-11                           SECTION 1. 
 
  1-12  Code Section 48-5-41.1 of the Official Code of Georgia 
  1-13  Annotated, relating to exemption of certain agricultural 
  1-14  products from ad valorem taxation, is amended by adding at 
  1-15  its end a new subsection (c) to read as follows: 
 
  1-16    "(c) Farm tractors, combines, and all other farm equipment 
  1-17    other than motor vehicles, whether fixed or mobile, which 
  1-18    is owned by and directly used in the production of 
  1-19    agricultural products by family owned farm products 
  1-20    producers shall be exempt from all ad valorem property 
  1-21    taxes in this state." 
 
  1-22                           SECTION 2. 
 
  1-23  Unless prohibited by the federal Voting Rights Act of 1965, 
  1-24  as amended, the Secretary of State shall call and conduct a 
  1-25  special election as provided in this section for the purpose 
  1-26  of submitting this Act to the electors of the State of 
  1-27  Georgia for approval or rejection.  The Secretary of State 
  1-28  shall conduct that special election on the date of the 
  1-29  November, 2000, general election.  The Secretary of State 
  1-30  shall issue the call and conduct that special election as 
  1-31  provided by general law.  The Secretary of State shall cause 
  1-32  the date and purpose of the special election to be published 
  1-33  once a week for two weeks immediately preceding the date 
 
 
 
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  2- 1  thereof in the official organ of each county in the state. 
  2- 2  The ballot shall have written or printed thereon the words: 
 
 
  2- 3    "(  ) YES Shall the Act be approved which exempts from 
  2- 4     (  ) NO  ad valorem taxes certain fixed and mobile farm 
  2- 5              equipment used by family owned qualified farm 
  2- 6              products producers?" 
 
  2- 7  All persons desiring to vote for approval of the Act shall 
  2- 8  vote "Yes," and those persons desiring to vote for rejection 
  2- 9  of the Act shall vote "No."  If more than one-half of the 
  2-10  votes cast on such question are for approval of the Act, 
  2-11  Section 1 of this Act shall become of full force and effect 
  2-12  on January 1, 2001, and shall apply to all taxable years 
  2-13  beginning on or after such date.  If the Act is not so 
  2-14  approved or if the election is not conducted as provided in 
  2-15  this section, Section 1 of this Act shall not become 
  2-16  effective and this Act shall be automatically repealed on 
  2-17  the first day of January immediately following that election 
  2-18  date. 
 
  2-19                           SECTION 3. 
 
  2-20  Except as provided in Section 2 of this Act, this Act shall 
  2-21  become effective upon its approval by the Governor or upon 
  2-22  its becoming law without such approval. 
 
  2-23                           SECTION 4. 
 
  2-24  All laws and parts of laws in conflict with this Act are 
  2-25  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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