Georgia HB30 proposes a homestead exemption from Early County ad valorem taxes using a new Local Homestead Option Sales Tax.

Georgia HB30 provides a homestead exemption from Early County ad valorem taxes in the amount of the assessed value of the homestead property. This exemption is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill requires an election to be held for voter approval, and if approved, the exemption will be automatically renewed annually. The LHOST will be imposed from January 5, 2027.

Georgia HB30 proposes a homestead exemption from Early County ad valorem taxes using a new Local Homestead Option Sales Tax.

Georgia HB30 provides a homestead exemption from Early County ad valorem taxes in the amount of the assessed value of the homestead property. This exemption is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill requires an election to be held for voter approval, and if approved, the exemption will be automatically renewed annually. The LHOST will be imposed from January 5, 2027.