HB593: DeKalb County; increase income cap on homestead exemption for citizens 62 years or older meeting certain income requirements; provisions

Legislative Summary

A BILL to be entitled an Act to amend a former local constitutional amendment (Ga. L. 1982, p. 2659), which former local constitutional amendment was continued in effect as statutory law pursuant to Article VII, Section II, Paragraph IV of the Constitution of Georgia and which provided that each resident of the DeKalb County School District who is 62 years of age or over or who is disabled and whose gross income, together with the gross income of the spouse and all members of the family who reside at and occupy the homestead of such resident, does not exceed $16,000.00 per annum shall be granted an exemption from all DeKalb County School District ad valorem taxes on $20,000.00 of the value of the homestead owned and occupied by such resident, so as to increase the income cap on said homestead exemption to $40,000.00; to repeal conflicting laws; and for other purposes.