Legislation Detail Page

Select a different bill

HB 0311 -	Ad valorem tax; optional temporary tax relief to certain properties located in nationally declared federal disaster areas; provide

Tracking Level:

Watch

Sponsor:

Lynn Smith (R)

Last Action:

3/16/2023 - Effective Date 2023-03-16

House Committee:

Ways and Means

Senate Committee:

Finance

Assigned To:

Taxation

Next Bill

Staff Analysis of the Legislation

GSBA-CWO Header

SUMMARY: LC 43 2615

This is the enabling legislation for the constitutional amendment passed November 2022 related to school districts, cities, and counties granting temporary tax relief for buildings destroyed or severly damaged in a federally declared disaster area. The local board, county commission, city council would each independently adopt a resolution allowing the ad valorem tax relief and the amount to be allowed.

EFFECTIVE DATE:

Upon approval by the Governor and applicable to property tax assessments issued on or after April 1, 2023.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text