Georgia HB47 proposes a homestead exemption from Bartow County ad valorem taxes for county purposes.

Georgia HB47 provides a homestead exemption from Bartow County ad valorem taxes for county purposes. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The bill requires an election for voter approval, with the exemption becoming effective if approved. The exemption applies to all taxable years beginning on January 1 of the year subsequent to the approval of this Act and ending on December 31, 2039.

Georgia HB47 proposes a homestead exemption from Bartow County ad valorem taxes for county purposes.

Georgia HB47 provides a homestead exemption from Bartow County ad valorem taxes for county purposes. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The bill requires an election for voter approval, with the exemption becoming effective if approved. The exemption applies to all taxable years beginning on January 1 of the year subsequent to the approval of this Act and ending on December 31, 2039.