HB591: DeKalb County; increase income cap on homestead exemption for citizens age 65 or older meeting certain income requirements; provisions

Legislative Summary

A BILL to be entitled an Act to amend an Act to provide that each resident of DeKalb County who is 65 years of age or over or disabled and whose net income together with the net income of the spouse and all members of the family who reside at the homestead of such resident does not exceed $15,000.00 per annum shall be granted an exemption from all DeKalb County ad valorem taxes, except county school district taxes, in the amount of $14,000.00 of the value of the homestead of such resident, approved March 15, 1988 (Ga. L. 1988, p. 4114), so as to increase the income cap on said homestead exemption to $37,500.00; to provide for mandatory execution of election and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes.