Georgia HB68 proposes a homestead exemption from City of Lyons ad valorem taxes for the special district in Toombs County.

Georgia HB68 provides a homestead exemption from City of Lyons ad valorem taxes for the special district in Toombs County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). Residents must apply for the exemption unless they previously applied for another homestead exemption. The exemption applies to all taxable years starting January 1 of the year after the bill's approval and ending December 31, 2039. The bill requires a referendum for approval, with the election held on November 2, 2026.

Georgia HB68 proposes a homestead exemption from City of Lyons ad valorem taxes for the special district in Toombs County.

Georgia HB68 provides a homestead exemption from City of Lyons ad valorem taxes for the special district in Toombs County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). Residents must apply for the exemption unless they previously applied for another homestead exemption. The exemption applies to all taxable years starting January 1 of the year after the bill's approval and ending December 31, 2039. The bill requires a referendum for approval, with the election held on November 2, 2026.