Georgia HB66 proposes a homestead exemption from City of Kingston ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB66 seeks to provide a homestead exemption from City of Kingston ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district conterminous with Bartow County. The exemption applies to the assessed value of the homestead property, determined annually based on LHOST proceeds. The exemption is automatic and renewable annually for eligible residents. The bill outlines the terms and conditions of the exemption, including its applicability and limitations, and mandates an election for voter approval.

Georgia HB66 proposes a homestead exemption from City of Kingston ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB66 seeks to provide a homestead exemption from City of Kingston ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district conterminous with Bartow County. The exemption applies to the assessed value of the homestead property, determined annually based on LHOST proceeds. The exemption is automatic and renewable annually for eligible residents. The bill outlines the terms and conditions of the exemption, including its applicability and limitations, and mandates an election for voter approval.