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HB 0462 - Ad valorem tax exemption; certain charitable institutions; revise and change

Tracking Level: Work
Sponsor: Peake,Allen 137th
Last Action: 2/19/2009 - House Second Readers
House Committee: W&M
Assigned To:
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:

            This bill would amend Code Section 48-5-41 of the O.C.G.A. to allow ad valorem tax exemptions for more than one building owned by a “charitable institution qualified as a purely public charity” and reduces the number of acres of land eligible from 15 to 8.  Previous law allows for only one building to be eligible.  A referendum would be required for the legislation to take effect.


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