Ad valorem tax bill passes Senate
In one of the final bills of the day, the Senate voted to remove the quarter mil state ad valorem tax. SB 517 passed 31-14.
Earlier in the day, Democrats blocked SR 1287, which would have been a Constitutional Amendment, which would have done the same thing. Because SR 1287 was a Constitutional Amendment, it required two-thirds vote in the Senate and the House before going to the voters.
“This bill eliminates the state’s portion of a tax on the American Dream, which is home ownership,” said State Sen. Bill Heath (R-Bremen). “Homeowners need as much financial relief as possible and should not be over taxed.”
The State of Georgia currently levies an ad valorem tax on all property, and is a component of local property tax bills. The state millage rate is a quarter mil (.25/$1,000 assessed value).
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March 26th, 2010
8:19 pm
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None Supporter of SB346
March 26th, 2010
8:34 pm
Exempting special interest groups like, freeport, freeport lever 1 & level 2, heavy equipment dealers, a one year heavey equipment owner up to a max of $100,000 of value, boat dealers inventory for 2 years, now another bill to extend it to 2013. The legislations is constantly confusing the Tax Assessors Office, just exempt all inventory from taxation and make it simple, simple is, is simple done!