Georgia HB37 proposes a homestead exemption from Effingham County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB37 provides a homestead exemption from Effingham County ad valorem taxes for residents of the special district. The exemption amount is determined annually using the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to all taxable years beginning on January 1 of the year following the bill's approval and ending on December 31, 2039. The bill requires an election to be conducted for approval or rejection, with the exemption becoming effective if approved by more than half of the votes cast.

Georgia HB37 proposes a homestead exemption from Effingham County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB37 provides a homestead exemption from Effingham County ad valorem taxes for residents of the special district. The exemption amount is determined annually using the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to all taxable years beginning on January 1 of the year following the bill's approval and ending on December 31, 2039. The bill requires an election to be conducted for approval or rejection, with the exemption becoming effective if approved by more than half of the votes cast.