SUMMARY:  LC 43 2615

This is the enabling legislation for the constitutional amendment passed November 2022 related to school districts, cities, and counties granting temporary tax relief for buildings destroyed or severly damaged in a federally declared disaster area. The local board, county commission, city council would each independently adopt a resolution allowing the ad valorem tax relief and the amount to be allowed.

EFFECTIVE DATE:

Upon approval by the Governor and applicable to property tax assessments issued on or after April 1, 2023.