HB1556: Fulton County; ad valorem tax for educational purposes; provide homestead exemption

Legislative Summary

A BILL to be entitled an Act to provide for a new homestead exemption from Fulton County school district ad valorem taxes for educational purposes in the amount of $10,000.00 of the assessed value of the homestead for residents of that county who are older than 65 years of age; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for related matters; 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.