House Resolution 1392
By: Representatives Blackmon of the 146th and Leverett of the 123rd
A RESOLUTION
Proposing an amendment to the Constitution so as to provide that qualified low-income
building projects may be classified as a separate class of property for ad valorem property
tax purposes, and different rates, methods, and assessment dates may be provided for such
building projects; to provide for the submission of this amendment for ratification or
rejection; and for other purposes.
BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article VII, Section I, Paragraph III of the Constitution is amended by revising
subparagraph (b) as follows:
"(b)(1) Except as otherwise provided in this subparagraph (b), classes of subjects for
taxation of property shall consist of tangible property and one or more classes of
intangible personal property including money; provided, however, that any taxation of
intangible personal property may be repealed by general law without approval in a
referendum effective for all taxable years beginning on or after January 1, 1996.
(2) Subject to the conditions and limitations specified by law, each of the following types
of property may be classified as a separate class of property for ad valorem property tax
purposes and different rates, methods, and assessment dates may be provided for such
properties:
(A) Trailers.;
(B) Mobile homes other than those mobile homes which qualify the owner of the home
for a homestead exemption from ad valorem taxation.;
(C) Heavy-duty equipment motor vehicles owned by nonresidents and operated in this
state.; <ins>and
(D) Qualified low-income housing projects as such term is defined in 26 U.S.C.
Section 42(g)(1).
</ins> (3) Motor vehicles may be classified as a separate class of property for ad valorem
property tax purposes, and such class may be divided into separate subclasses for ad
valorem purposes. The General Assembly may provide by general law for the ad
valorem taxation of motor vehicles including, but not limited to, providing for different
rates, methods, assessment dates, and taxpayer liability for such class and for each of its
subclasses and need not provide for uniformity of taxation with other classes of property
or between or within its subclasses. The General Assembly may also determine what
portion of any ad valorem tax on motor vehicles shall be retained by the state. As used
in this subparagraph, the term 'motor vehicles' means all vehicles which are
self-propelled."
SECTION 2.
The above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the
above proposed amendment shall have written or printed thereon the following:
"( ) YES Shall the Constitution of Georgia be amended so as to provide that qualified
( ) NO low-income housing projects may be classified as a separate class of
property for ad valorem property tax purposes, and different rates, methods,
and assessment dates may be provided for such building projects?"
All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes."
All persons desiring to vote against ratifying the proposed amendment shall vote "No." If
such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall
become a part of the Constitution of this state.