Georgia HB50 proposes a homestead exemption from City of White ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB50 aims to provide a homestead exemption from City of White ad valorem taxes for residents of the special district conterminous with Bartow County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The bill outlines the terms and conditions of the exemption, including mandatory election procedures, compliance requirements, and automatic renewal. If approved by voters, the exemption will apply to taxable years beginning January 1, 2027, and ending December 31, 2039.

Georgia HB50 proposes a homestead exemption from City of White ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB50 aims to provide a homestead exemption from City of White ad valorem taxes for residents of the special district conterminous with Bartow County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The bill outlines the terms and conditions of the exemption, including mandatory election procedures, compliance requirements, and automatic renewal. If approved by voters, the exemption will apply to taxable years beginning January 1, 2027, and ending December 31, 2039.