HB 1468: Georgia Property Tax Fairness Fund; create

This bill would set up a new state fund, the Georgia Property Tax Fairness Fund, financed by taxes currently collected from insurance companies and from sales and use taxes tied to large computer server facilities called high-technology data centers. Homeowners with modest incomes who spend more than 5 percent of their income on property taxes and home insurance, and renters who spend more than 33 percent of their income on rent, would qualify for state income tax credits covering the excess amount. These credits could exceed a taxpayer's tax bill and would be refunded as cash. The bill also directs sales taxes collected from data centers to reduce property tax bills for qualifying homes near those facilities, up to $2,500 per home. To pay for this, the bill would end future sales tax exemption certificates for data centers and repeal several insurance premium tax credits and abatements. None of this takes effect unless Georgia voters approve a related constitutional amendment in November 2026; if they reject it, the law is automatically repealed on January 1, 2027.

• Creates the Georgia Property Tax Fairness Fund in the state treasury, funded by insurance premium tax collections and high-technology data center sales tax collections.
• Grants refundable state income tax credits to lower- and middle-income homeowners whose property tax and homeowners insurance costs exceed 5 percent of their income.
• Grants refundable state income tax credits to renters whose rent exceeds 33 percent of their income.
• Directs sales tax revenue from data centers to reduce property tax bills for nearby qualifying homes, capped at $2,500 per home and limited to homes valued under $500,000.
• Ends the issuance of new sales and use tax exemption certificates for high-technology data centers after the bill's effective date, while honoring existing certificates.
• Repeals several insurance premium tax credits, abatements, and related provisions for insurance companies in Chapter 8 of Title 33.

Lower- and middle-income Georgia homeowners and renters who could receive tax credits, high-technology data center operators and their customers who lose future sales tax exemptions, insurance companies that currently receive premium tax credits or abatements, and county and municipal fiscal authorities that administer property tax credits.

If enacted and approved by voters, the bill would shift some tax burden from qualifying homeowners and renters to data centers and insurance companies by redirecting their tax payments into direct relief. Eligible residents could see lower income tax bills, refunds, or reduced property tax bills, while data centers and insurers would lose existing tax breaks.

• Section 1-1 adds new Code Section 48-7-43 defining 'qualifying home,' 'high-technology data center,' 'tenant,' and other terms used to determine eligibility for credits.
• Subsection (d) requires the Department of Revenue to issue income tax credits by December 31 each year to homeowners and renters who exceed the 5 percent or 33 percent income thresholds.
• Subsection (f) requires county and municipal fiscal authorities to apply data center sales tax collections to reduce property tax bills for nearby qualifying homes, capped at $2,500 and limited to properties worth under $500,000.
• Subsection (g) makes the tax credits refundable if they exceed a taxpayer's income tax liability.
• Section 2-1 ends new sales tax exemption certificates for high-technology data centers after the effective date, though existing certificates remain valid.
• Sections 2-2 through 2-6 repeal several insurance premium tax credit, abatement, and preemption provisions in Chapter 8 of Title 33.
• Section 3-1 makes the entire Act contingent on voters ratifying a related state constitutional amendment in the November 2026 election, with automatic repeal if it fails.

1. 2026-03-03House Second Readers (House)
2. 2026-02-26House First Readers (House)
3. 2026-02-25House Hopper (House)

• Jasmine Clark (D, HD-108)Primary sponsor

• property taxes
• income tax credits
• data center taxation
• insurance taxes
• renter relief