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HB 0829 -	Local school district tax; authorize assessment of residential homesteaded property owned by individuals of 65 years of age or older at 20 percent of its fair market value; provide for local referenda

Tracking Level:

Watch

Sponsor:

Ron Stephens (R)

Last Action:

3/4/2020 - Senate Read and Referred

House Committee:

Ways and Means

Senate Committee:

Finance

Assigned To:

Taxation

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Staff Analysis of the Legislation

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SUMMARY:

LC 44 1340 LC 44 1430S

Would provide for a local referenda to authorize assessment of residential homesteaded property owned by individuals who are 65 years of age or older at 20% of its fair market value in regards to local school district taxes for educational purposes. This would be contingent on a constitutional amendment decided by voters.

Would require the referendum no less than 30 days and no more than 60 days after the date of the adoption of the resolution.