Georgia HB69 proposes a homestead exemption from Gwinnett County ad valorem taxes funded by a new Local Homestead Option Sales Tax.
Georgia HB69 provides a homestead exemption from Gwinnett County ad valorem taxes for county purposes. The exemption amount is determined annually based on the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district of Gwinnett County. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The LHOST tax is imposed from January 1, 2028, until December 31, 2037.
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- Legal Framework
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