Georgia HB12 proposes a homestead exemption from City of Brunswick ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB12 provides a homestead exemption from City of Brunswick ad valorem taxes for residents of the special district conterminous with Glynn County. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to all ad valorem taxes imposed by the city for all purposes. The bill requires a referendum for approval, with the election to be conducted by the election superintendent.

Georgia HB12 proposes a homestead exemption from City of Brunswick ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB12 provides a homestead exemption from City of Brunswick ad valorem taxes for residents of the special district conterminous with Glynn County. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to all ad valorem taxes imposed by the city for all purposes. The bill requires a referendum for approval, with the election to be conducted by the election superintendent.