Bill Text: GA HB1186 | 2009-2010 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Introduced.html
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-Introduced.html
10 LC 18
8987S/AP
House
Bill 1186 (AS PASSED HOUSE AND SENATE)
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
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laws and parts of laws in conflict with this Act are repealed.