05 LC 18 3798
House
Resolution 3
By:
Representative Royal of the
171st
A
RESOLUTION
Proposing
an amendment to the Constitution so as to authorize the General Assembly to
provide by general or local law for limitations upon the rate of increase of the
ad valorem tax millage rate and value of property for certain purposes; to
provide for the submission of this amendment for ratification or rejection; and
for other purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
IX, Section IV of the Constitution is amended by adding a new Paragraph at the
end thereof, to be designated Paragraph V, to read as follows:
"Paragraph
V.
Limitations
on millage rate or valuation increases.
Notwithstanding any other provision of this Constitution to the contrary, the
General Assembly shall be authorized to provide by general or local law for any
or all of the following:
(1)
Limitations upon the rate of increase of the ad valorem tax millage rate for
county or municipal purposes or both not to exceed from one taxable year to the
succeeding taxable year a percentage greater than any change in the rate of
economic inflation on individual taxpayers as determined by the state revenue
commissioner. For such purpose, the state revenue commissioner may use the
Consumer Price Index for all urban consumers published by the Bureau of Labor
Statistics of the United States Department of Labor and any other reliable
economic indicator determined by the state revenue commissioner to be
appropriate. Such limitations may only be exceeded if approved by a majority
vote of the qualified electors residing within the limits of the applicable
local taxing jurisdiction voting in a referendum thereon; or
(2)
Limitations upon the rate of increase in the value of property for ad valorem
taxation for county or municipal purposes or both, excluding any additions or
improvements thereto, not to exceed from one taxable year to the succeeding
taxable year a percentage greater than any change in the rate of economic
inflation on individual taxpayers as determined by the state revenue
commissioner. For such purpose, the state revenue commissioner may use the
Consumer Price Index for all urban consumers published by the Bureau of Labor
Statistics of the United States Department of Labor and any other reliable
economic indicator determined by the state revenue commissioner to be
appropriate."
SECTION
2.
The above proposed amendment to the Constitution shall be published and submitted as provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the above proposed amendment shall have written or printed thereon the following:
The above proposed amendment to the Constitution shall be published and submitted as provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the above proposed amendment shall have written or printed thereon the following:
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"( ) YES
( ) NO
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Shall
the Constitution be amended so as to authorize the General Assembly to provide
by general or local law for limitations upon the rate of increase of the ad
valorem tax millage rate and for limitations upon the rate of increase in the
value of property for ad valorem taxation for county or municipal purposes or
both?"
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All
persons desiring to vote in favor of ratifying the proposed amendment shall vote
"Yes." All persons desiring to vote against ratifying the proposed amendment
shall vote "No." If such amendment shall be ratified as provided in said
Paragraph of the Constitution, it shall become a part of the Constitution of
this state.