First Reader Summary

A BILL to provide for a homestead exemption from certain City of Powder Springs ad valorem taxes for municipal purposes in an amount equal to the amount of the assessed value of that homestead that exceeds the assessed value of that homestead for the taxable year immediately preceding the taxable year in which that exemption is first granted to a resident; to provide that such exemption shall be extended to the unremarried surviving spouse at the time of the person's death so long as such unremarried surviving spouse continues to occupy the home as a residence and homestead; and for other purposes.

Code Sections Amended

48-5-40 \ 48-5-50