SB59

Georgia SB59 amends the preferential assessment for bona fide conservation use property, removing limitations on leased property for certain entities.

Georgia SB59 amends Code Section 48-5-7.4 of the Official Code of Georgia Annotated to revise the preferential assessment for bona fide conservation use property. The bill removes limitations on leased property for certain entities, allowing them to qualify for conservation use assessment. It also provides for related matters, such as requiring additional records for properties under ten acres and allowing visual, on-site inspections by tax assessors. The changes apply to taxable years beginning on or after January 1, 2026.