HB1052: Revenue and taxation; limitation on leased property as to certain entities; remove

Legislative Summary

A BILL to be entitled an Act to amend Code Section 48-5-7.4 of the Official Code of Georgia Annotated, relating to bona fide conservation use property, residential transitional property, application procedures, penalties for breach of covenant, classification on tax digest, and annual report, so as to remove a limitation on leased property as to certain entities; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.