LOCAL GOVERNMENTS Homeowner Tax Relief Grants: Provide for Homeowner Tax Relief Grants to Counties and Local School Districts; Require the Granting of Certain Credits Against County and School Ad Valorem Taxes as a Condition of Such Grants; Provide for Calculation of Credit Amounts of Homestead Owners and Grant Amounts to Counties and School Districts; Provide for Administration and the Adoption of Rules and Regulations by the Georgia Department of Revenue

Authors

Georgia State University Law Review

Document Type

Peach Sheet

Abstract

The Act creates a statewide homestead tax credit that has the effect of an exemption and is in addition to existing local exemptions. The Act gives homeowners a credit against their property tax liabilities to counties and school districts, and the state reimburses these entities for lost revenue. The tax credits take effect only if the state has adequate revenue to fund them; the Act does not guarantee them on an annual basis. The Georgia General Assembly has authority to appropriate funds and the Department of Revenue will have authority over disbursements to the counties and school boards.

Recommended Citation

Georgia State University Law Review, LOCAL GOVERNMENTS Homeowner Tax Relief Grants: Provide for Homeowner Tax Relief Grants to Counties and Local School Districts; Require the Granting of Certain Credits Against County and School Ad Valorem Taxes as a Condition of Such Grants; Provide for Calculation of Credit Amounts of Homestead Owners and Grant Amounts to Counties and School Districts; Provide for Administration and the Adoption of Rules and Regulations by the Georgia Department of Revenue, 16 Ga. St. U. L. Rev. (2012).
Available at: https://readingroom.law.gsu.edu/gsulr/vol16/iss1/35