Bill Text: GA HR9 | 2009-2010 | Regular Session | Introduced
Bill Title: Freedom of Ownership Amendment; enact - CA
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2009-01-16 - House Second Readers [HR9 Detail]
Download: Georgia-2009-HR9-Introduced.html
09 LC 18
7764
House
Resolution 9
By:
Representative Setzler of the
35th
A
RESOLUTION
Proposing
an amendment to the Constitution so as to provide for a complete and permanent
exemption from ad valorem taxes and fees for any and all purposes for property
if the taxpayer pays an amount equal to 20 times the amount of ad valorem taxes
and fees due and payable for the current-year assessed value of such property;
to provide for definitions; to specify the terms and conditions of the exemption
and procedures relating thereto; to provide for a short title; to provide for
the submission of this amendment for ratification or rejection; and for other
purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
This
resolution shall be known and may be cited as the "Freedom of Ownership
Amendment."
SECTION
2.
Article
VII, Section II of the Constitution is amended by adding a new Paragraph to read
as follows:
"Paragraph
VI.
Exemptions
for prepaid ad valorem
taxes. (a)
For purposes of this Paragraph, the term:
(1)
'Ad valorem taxes' means any and all ad valorem taxes for any purposes,
including, but not limited to, taxes to pay interest on and to retire bonded
indebtedness.
(2)
'Taxpayer' means a person or entity subject to ad valorem taxes for property
owned by the person or entity.
(b)
Any property shall be granted a complete and permanent exemption from ad valorem
taxes and fees if the taxpayer pays an amount equal to 20 times the amount of ad
valorem taxes and fees due and payable for the current-year assessed value of
that property. The exemption provided under this subparagraph shall apply to
the property and any improvements thereto existing on the date such exemption is
granted. Any additions or improvements thereto which are added subsequent to
the granting of the exemption shall not qualify for or receive such exemption
unless the taxpayer pays an amount equal to 20 times the amount of ad valorem
taxes and fees due and payable for the current-year assessed value of such
additions or improvements. Such exemption shall attach to and run with such
property, and such property shall not be subject thereafter to any future ad
valorem taxes or fees regardless of any future transfer of such
property."
SECTION
3.
The
above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot
submitting the above proposed amendment shall have written or printed thereon
the following:
|
"( ) YES
( ) NO
|
Shall
the Constitution of Georgia be amended so as to provide a complete and permanent
exemption from ad valorem taxes and fees for any and all purposes for property
if the taxpayer pays an amount equal to 20 times the amount of ad valorem taxes
and fees due and payable for the current-year assessed value of such
property?"
|
All
persons desiring to vote in favor of ratifying the proposed amendment shall vote
"Yes." All persons desiring to vote against ratifying the proposed amendment
shall vote "No." If such amendment shall be ratified as provided in said
Paragraph of the Constitution, it shall become a part of the Constitution of
this state.
