Georgia Code
Article 1 - General Provisions
§ 48-5-7.6. “Brownfield Property” Defined; Related Definitions; Qualifying for Preferential Assessment; Disqualification of Property Receiving Preferential Assessment; Responsibilities of Owners; Transfers of Property; Costs; Appeals; Creation of Lie...

(ii) Failure to file a sworn affidavit with one local taxing authority shall not affect any sworn affidavit submitted to any other local taxing authority;
(iii) A transferee’s first report to the local taxing authority shall include:
(I) A statement of the amount of the transferred eligible brownfield costs;
(II) The number of years of preferential tax treatment the property received prior to transfer (carry over from transferor); and
(II) A request to establish a taxable base for the property pursuant to paragraph (2) of this subsection; and
(iv) Subsequent reports made by a transferee shall include the same information provided by property owners in paragraph (1) of subsection (f) of this Code section.
(2) The taxable base for the subdivided property shall be established by the local taxing authority based on the ratio of acres purchased to total acres at the time of the establishment of the taxable base for the entire qualified brownfield property. Such ratio shall be applied to the taxable base as recorded in the county tax digest at the time the application was received by the Environmental Protection Division for participation in the program under Article 9 of Chapter 8 of Title 12, the “Georgia Brownfield Act.” The taxable base on the retained qualified brownfield property shall be decreased by the amount of taxable base assigned to the subdivided portion of the property.
(3) The subdivision of property shall not restart, reset, or otherwise lengthen the period of preferential tax treatment pursuant to this Code section.
History. Code 1981, § 48-5-7.6 , enacted by Ga. L. 2003, p. 170, § 3; Ga. L. 2004, p. 631, § 48; Ga. L. 2012, p. 843, § 4/HB 1102; Ga. L. 2013, p. 141, § 48/HB 79; Ga. L. 2014, p. 866, § 48/SB 340; Ga. L. 2016, p. 864, § 48/HB 737; Ga. L. 2017, p. 774, § 48/HB 323.
The 2016 amendment, effective May 3, 2016, part of an Act to revise, modernize, and correct the Code, revised punctuation in subparagraph (a)(4)(C).
The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted “ ‘Georgia Brownfield Act’ ” for “ ‘Georgia Hazardous Site Reuse and Redevelopment Act’ ” throughout this Code section.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2017, “program” was substituted for “Hazardous Site Reuse and Redevelopment Program” in the first sentence of paragraph (d)(3); and “program under Article 9 of Chapter 8 of Title 12, the ‘Georgia Brownfield Act’ ” was substituted for “Georgia Hazardous Site Reuse and Redevelopment Program” in the second sentence of paragraph (h)(2).

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