Any property which is exempt from ad valorem taxation pursuant to subparagraphs (a)(1)(E) or (a)(1)(F) of Code Section 48-5-41 shall not constitute a special franchise for purposes of this article and shall not be subject to the provisions of this article.
History. Code 1981, § 48-5-421.1 , enacted by Ga. L. 2010, p. 987, § 2/HB 1186; Ga. L. 2014, p. 679, § 2/HB 788.
Editor’s notes.
The state-wide referendum (Ga. L. 2014, p. 679, § 4/HB 788) was approved by a majority of qualified voters at the November 4, 2014, general election.
Structure Georgia Code
Title 48 - Revenue and Taxation
Chapter 5 - Ad Valorem Taxation of Property
§ 48-5-420. “Special Franchise” Defined
§ 48-5-421. Taxation of Unenumerated Franchises
§ 48-5-421.1. Certain Property Projects Shall Not Constitute Special Franchises
§ 48-5-422. Returns to Commissioner; Effect of Filing Certified Copy of Authorization of Franchise
§ 48-5-423. Ascertainment of Valuations of Special Franchises; Levy and Collection of Tax
§ 48-5-425. Deductions From Special Franchise Tax Due Any County, Municipality, or School District