Bill Text: GA HB1186 | 2009-2010 | Regular Session | Comm Sub

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Bill Title: Ad valorem tax exemption; certain public-private transportation projects; provisions

Spectrum: Partisan Bill (Republican 5-0)

Status: (Passed) 2011-01-01 - Effective Date [HB1186 Detail]

Download: Georgia-2009-HB1186-Comm_Sub.html

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10 LC 18 8987S

House Bill 1186 (COMMITTEE SUBSTITUTE)

By: Representatives Roberts of the 154th, Burns of the 157th, Dollar of the 45th, and O`Neal of the 146th

A BILL TO BE ENTITLED
AN ACT

To amend Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property, so as to provide for an ad valorem tax exemption for certain public-private transportation projects; to provide that certain public-private transportation projects shall not constitute special franchises; to provide for an effective date; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property, is amended in Code Section 48-5-41, relating to property exempt from ad valorem taxation, by adding a new subparagraph in paragraph (1) of subsection (a) as follows:

"(E) Property which qualifies as a public-private transportation project pursuant to Code Section 32-2-80 which property is owned or leased by the state, a state agency, or another governmental entity and which is developed, operated, or held by a private partner shall be considered to be public property within the meaning of this paragraph."

SECTION 2.

Said chapter is further amended by adding a new Code section to read as follows:

"48-5-421.1.

Any property which is exempt from ad valorem taxation pursuant to subparagraph (a)(1)(E) of Code Section 48-5-41 shall not constitute a special franchise for purposes of this article and shall not be subject to the provisions of this article."

SECTION 3.

This Act shall become effective on January 1, 2011.

SECTION 4.

All laws and parts of laws in conflict with this Act are repealed.