States / Georgia / HR 1047

HR 1047 Floor Consideration

State government; rate of ad valorem tax assessment of a single family residential property; provisions - CA

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

A RESOLUTION proposing an amendment to the Constitution of the State of Georgia so as to set the rate of the ad valorem tax assessment of a single-family residential property to 100 percent of its fair market value when such property is owned by a business enterprise with an interest in at least 100 single-family residential properties within this state which are used primarily for the purpose of generating rental income; to provide for the subclassification of business enterprise property for ad valorem taxation purposes; and for other purposes.

Chamber
House
Introduced
Jan 27, 2026
Last action
Jan 29, 2026 — House Second Readers
Session
2025_26
Momentum
43 · Moderate