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History. Code 1981, § 48-5-41.3 , enacted by Ga. L. 2022, p. 736, § 1/HB 997.
Delayed effective date.
Ga. L. 2022, p. 736, § 2/HB 997, provides that this Code section shall become effective on January 1, 2023, only upon ratification of a resolution at the November, 2022, state-wide general election that grants a state-wide exemption from all ad valorem taxes for certain equipment used by timber producers in the production or harvest of timber.
Editor’s notes.
Ga. L. 2022, p. 736, § 2/HB 997, not codified by the General Assembly, provides: “The Secretary of State shall call and conduct an election as provided in this section for the purpose of submitting this Act to the electors of the entire state for approval or rejection. The Secretary of State shall conduct such election on the Tuesday next following the first Monday in November, 2022, and shall issue the call and conduct that election as provided by general law. The Secretary of State shall cause the date and purpose of the election to be published once a week for two weeks immediately preceding the date thereof in the official organ of each county in the state. The ballot shall have written or printed thereon the words:
“‘() YES Shall the Act be approved which grants a state-wide exemption from all ad valorem taxes for certain equipment used by timber producers in the production or harvest of timber?’ “ () NO
“All persons desiring to vote for approval of the Act shall vote ‘Yes,’ and all persons desiring to vote for rejection of the Act shall vote ‘No.’ If more than one-half of the votes cast on such question are for approval of the Act, Section 1 of this Act shall become of full force and effect on January 1, 2023, and shall be applicable to all tax years beginning on or after such date. If the Act is not so approved or if the election is not conducted as provided in this section, Section 1 of this Act shall not become effective, and this Act shall be automatically repealed on the first day of January immediately following that election date. It shall be the duty of each county election superintendent to certify the result thereof to the Secretary of State.
Structure Georgia Code
Title 48 - Revenue and Taxation
Chapter 5 - Ad Valorem Taxation of Property
Article 2 - Property Tax Exemptions and Deferral
§ 48-5-41. Property Exempt From Taxation
§ 48-5-41.2. Exemption From Taxation of Personal Property in Inventory for Business
§ 48-5-41.3. [For Effective Date, See note.] Tax Exemption for Timber Equipment
§ 48-5-42.1. Personal Property Tax Exemption for Property Valued at $7,500.00 or Less
§ 48-5-43. Exemption for Fertilizers
§ 48-5-46. Procedure for Application
§ 48-5-47. Applications for Homestead Exemptions of Individuals 65 or Older
§ 48-5-48.1. Level 1 Freeport Exemption; Application; Filing; Renewal
§ 48-5-48.2. Level 1 Freeport Exemption; Referendum
§ 48-5-48.3. Homestead Exemption for Senior Citizens
§ 48-5-48.5. Level 2 Freeport Exemption; Application; Filing; Renewal
§ 48-5-48.6. Level 2 Freeport Exemption; Referendum
§ 48-5-49. Determination of Eligibility of Applicant; Appeal
§ 48-5-53. Falsification of Information Required by Code Section 48-5-52; Penalty
§ 48-5-55. Continuation of Constitutional Exemptions From Ad Valorem Taxes