LC 18 3743
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-5-41 of the Official Code of Georgia Annotated, relating
to property exempt from ad valorem tax, so as to provide for an exemption for
certain nonprofit museums; to provide for a referendum, applicability, and
effective dates; to provide for automatic repeal under certain circumstances; to
repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-5-41 of the Official Code of Georgia Annotated, relating to property
exempt from ad valorem tax, is amended by striking paragraph (10) of subsection
(a) and inserting in its place a new paragraph (10) to read as
follows:
"(10)
Reserved
All property
owned by and operated exclusively as a museum when such museum is qualified as a
nonprofit museum under Section 501(c)(3) of the Internal Revenue Code of 1986,
as
amended;"
SECTION
2.
Unless
prohibited by the federal Voting Rights Act of 1965, as amended, the Secretary
of State shall call and conduct an election as provided in this section for the
purpose of submitting this Act to the electors of the State of Georgia for
approval or rejection. The Secretary of State shall conduct that election on
the date of the November, 2006, state-wide general election. The Secretary of
State shall issue the call and conduct that special election as provided by
general law. The Secretary of State shall cause the date and purpose of the
special election to be published in the official organ of each county in the
state once a week for two weeks immediately preceding the date of the
referendum. The ballot shall have written thereon the following:
|
"( ) YES
( ) NO
|
Shall
the Act be approved which grants an exemption from ad valorem taxation on
property owned by and operated exclusively as a nonprofit museum?"
|
All
persons desiring to vote for approval of the Act shall vote "Yes," and those
persons desiring to vote for rejection of the Act shall vote "No." If more than
one-half of the votes cast on such question are for approval of the Act, then
Section 1 of this Act shall become effective on January 1, 2007, and shall apply
to all taxable years beginning on or after that date. If Section 1 of this Act
is not so approved or if the election is not conducted as provided in this
section, Section 1 of this Act shall not become effective and this Act shall be
automatically repealed on the first day of January immediately following that
election date.
SECTION
3.
Except
as otherwise provided in Section 2 of this Act, this Act shall become effective
upon its approval by the Governor or upon its becoming law without such
approval.
SECTION
4.
All
laws and parts of laws in conflict with this Act are repealed.