SUMMARY: LC 43 0226   Provides an annual tax credit for up to 5 years for taxpayers who purchase, own and occupy a dwelling that qualifies for homestead exemption that is located in a school attendance zone that has a public elementary school that is in the lowest 5 percent of academic achievement for public elementary schools in the state. 

EFFECTIVE DATE:  Upon approval by the General Assembly and Governor.  Effective with the tax year beginning January 1, 2016.