Georgia HB73 proposes a homestead exemption from City of East Dublin ad valorem taxes for Laurens County residents.

Georgia HB73 proposes a homestead exemption from City of East Dublin ad valorem taxes for Laurens County residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax. The exemption applies to all taxable years from January 1, 2027, to December 31, 2039. The bill requires a referendum for approval, which must receive a two-thirds' majority vote in both the Senate and the House of Representatives.

Georgia HB73 proposes a homestead exemption from City of East Dublin ad valorem taxes for Laurens County residents.

Georgia HB73 proposes a homestead exemption from City of East Dublin ad valorem taxes for Laurens County residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax. The exemption applies to all taxable years from January 1, 2027, to December 31, 2039. The bill requires a referendum for approval, which must receive a two-thirds' majority vote in both the Senate and the House of Representatives.