HB1399: Locust Grove, City of; ad valorem tax; municipal purposes; provide homestead exemption

Legislative Summary

A BILL to be entitled an Act to provide a homestead exemption from City of Locust Grove ad valorem taxes for municipal purposes in the amount of 100 percent of the assessed value of the homestead for residents of that city; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.