10 LC
21 0765S
The
House Committee on Ways and Means offers the following substitute to HB
1139:
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-5-15 of the Official Code of Georgia Annotated, relating
to returns of taxable real property, so as to provide for an additional method
of making such return; to provide for procedures; to provide for an effective
date; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-5-15 of the Official Code of Georgia Annotated, relating to returns
of taxable real property, is amended by adding a new subsection to read as
follows:
"(d)
Each ad valorem property tax bill shall contain a check box which the taxpayer
shall mark if the taxpayer desires that such tax bill serve as a return of such
real property under this Code section for the immediately following tax year.
Such bill shall also contain a space in which the taxpayer shall declare value
which the taxpayer is asserting as the fair market value of such property for
purposes of that return. Upon receipt of the bill and the taxes due and payable
for the current tax year, if the taxpayer has marked the check box and declared
a fair market value, the tax receiver or tax commissioner shall forward a copy
of the return to the county board of tax
assessors."
SECTION
2.
This
Act shall become effective on January 1, 2011.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.