Bowersville mentioned that we’re not discussing the upcoming constitutional amendments. I’ll put up one a day. Here’s the first. Discuss:
To encourage the preservation of Georgia’s forests through a conservation use property tax reduction program.
House Resolution No. 1276
Resolution Act No. 702
Ga. L. 2008, p. 1209
|“Shall the Constitution of Georgia be amended so as to provide that the General Assembly by general law shall encourage the preservation, conservation, and protection of the state’s forests through the special assessment and taxation of certain forest lands and assistance grants to local government?”( ) YES ( ) NO|
This proposal directs the General Assembly to provide for a new method of ad valorem tax assessment of forest land conservation use property. Such property will include only tracts of forest land which exceed 200 acres except where the General Assembly has provided by general law for exceptions to the 200 acre limit under certain circumstances. Subject to certain qualifications, an owner of such property will be able to enter into a covenant to restrict the use of the land to current use; and the land will then be taxed according to a formula based on current use, annual productivity, and real property sales data. A breach of the covenant will result in a government recapturing the tax savings and may result in other appropriate penalties.
The General Assembly is directed to appropriate funds to local government to partially offset any loss of local revenue.
The General Assembly has enacted a law to implement this constitutional amendment. This law will become effective only if the constitutional amendment is ratified by the voters. This law is 2008 HB 1211; Act No. 464, found at Ga. Laws 2008, p. 297.
A copy of this entire proposed constitutional amendment is on file in the office of the judge of the probate court and is available for public inspection.