---
title: HR 1503. General Assembly; expend or authorize expenditure of public funds for Georgia Property Tax Fairness Fund; provide by law - CA
collection: bills
id: 2025-2026/hr1503
cite_as: HR 1503, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hr1503
md_url: https://georgiacommons.org/bills/2025-2026/hr1503.md
text_url: https://georgiacommons.org/bills/2025-2026/hr1503/text
source_url: https://www.legis.ga.gov/legislation/73705
date: 2026-03-03
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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next: https://georgiacommons.org/bills/2025-2026/hr1504.md
index: https://georgiacommons.org/bills/index.md
omitted: votes and history
omitted_chars: 132
omitted_url: https://georgiacommons.org/bills/2025-2026/hr1503.md?full=1
bill_number: HR 1503
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: resolution
status_date: 2026-02-25
last_action: House Second Readers
sponsors:
  - Jasmine Clark
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HR1503/2025
upstream_id: 2124812
summaries_model: claude-sonnet-5
topic_tags:
  - property taxes
  - tax relief
  - constitutional amendment
  - homeowner tax breaks
  - data center taxes
---

# HR 1503. General Assembly; expend or authorize expenditure of public funds for Georgia Property Tax Fairness Fund; provide by law - CA

## Text

House Resolution 1503
By: Representative Clark of the 108th
A RESOLUTION
Proposing an amendment to the Constitution of the State of Georgia so as to provide that the
General Assembly shall be authorized to provide by law to expend or authorize the
expenditure of public funds for the Georgia Property Tax Fairness Fund without the need for
benefit in return; to create the Georgia Property Tax Fairness Fund to reduce the income tax
liability and ad valorem tax liability of taxpayers residing in qualifying homes; to increase
the cap on benefits granted pursuant to the Homeowner's Incentive Adjustment clause; to
authorize the General Assembly to provide by general law for local grant and adjustment
programs; to provide for related matters; to provide for submission of this amendment for
ratification or rejection; and for other purposes.
BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article III, Section VI, Paragraph VI of the Constitution is amended by redesignating the
second subparagraph (g), relating to a program of indemnification for certain state highway
employees, as subparagraph (h) and by adding a new subparagraph to read as follows:
<ins>"(i) The General Assembly is authorized to provide by law and may expend or authorize
the expenditure of public funds for the state or any political subdivision or instrumentality
thereof to institute provisions relating to the Georgia Property Tax Fairness Fund, to
</ins>
<ins>provide that such fund shall not be subject to any limitations of debt provided for in this
Constitution, to provide that amounts on deposit in the fund shall not constitute property
of the state, to provide that it shall not be commingled with state funds, and to provide that
the state shall not have claim or interest in such funds other than for reasonable fees and
charges assessed for administration costs."
</ins> SECTION 2.
Article III, Section IX, Paragraph VI of the Constitution is amended by adding a new
subparagraph to read as follows:
<ins>"(s) The General Assembly is authorized to provide by general law for the creation of a
Georgia Property Tax Fairness Fund from which collections on high-technology data
centers and the insurance premium tax shall be credited against the income tax liability of
taxpayers residing in qualifying homes across this state. Such credits against income tax
liability shall be refundable and may exceed the income tax liability of a taxpayer residing
in a qualifying home. The General Assembly is authorized to appropriate moneys to such
fund, and moneys so appropriated shall not lapse as would otherwise be required pursuant
to Article III, Section IX, Paragraph IV(c) and shall not be subject to the provisions of
Article VII, Section III, Paragraph II(a). The General Assembly may provide by general
law for the administration of such fund by such state agency or public authority as the
General Assembly shall determine. The General Assembly may further provide by general
law for a definition of 'qualifying homes' and any other terms necessary to effectuate the
purposes of this subparagraph."
</ins> SECTION 3.
Article VII, Section IIA of the Constitution is amended by revising Paragraph I as follows:
"Paragraph I. State <ins>and local</ins> grants; adjustment amount. <ins>(a)</ins> For each taxable year, a
homeowner's incentive adjustment may be applied to the return of each taxpayer claiming
such state-wide homestead exemption as may be specified by general law. <ins>The General
Assembly by general law may authorize local governments and local school systems to
appropriate local tax funds in support of local homeowners' incentive adjustments.
(b)</ins> The amount of <del>such adjustment</del> <ins>the adjustment applied pursuant to subparagraph (a)
of this Paragraph</ins> may provide a taxpayer with a benefit equivalent to a homestead
exemption of up to <del>$18,000.00</del> <ins>$150,000.00</ins> of the assessed value of a taxpayer's homestead
or the taxpayer's ad valorem property tax liability on the homestead, whichever is lower.
The General Assembly may appropriate such amount each year for grants to local
governments and school districts as homeowner tax relief grants.
<ins>(c)</ins> The adjustments and grants authorized by this Paragraph shall be made in such
manner and shall be subject to the procedures and conditions as may be specified by
general law heretofore or hereafter enacted."
SECTION 4.
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 create the Georgia
Property Tax Fairness Fund for the purpose of reducing the income tax
( ) NO liability of taxpayers residing in qualifying homes without the need for
benefit in return and revise the Homeowner's Incentive Adjustment clause
to provide property tax relief to homeowners by authorizing local grants and
adjustments and by increasing the current cap on benefits provided to
homeowners?"
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.

## Summaries written by Georgia Commons

The following was written by claude-sonnet-5 from the text above and is not part of the resolution. Quote the text, not the summary.

A proposed Georgia constitutional amendment would create a Georgia Property Tax Fairness Fund to cut income taxes for homeowners in "qualifying homes" and raise the cap on the state's Homeowner's Incentive Adjustment from $18,000 to $150,000 of home value.

### Plain-language summary

This House resolution proposes a constitutional amendment that Georgia voters would have to approve. It would let the General Assembly spend public money on a new Georgia Property Tax Fairness Fund without requiring the state to get anything in return, and would keep that fund separate from state funds and debt limits.
The fund would be filled with money collected from taxes on high-technology data centers and the insurance premium tax, and would be used to give refundable income tax credits, credits that can exceed what a taxpayer owes, to people living in homes the legislature defines as "qualifying homes." The amendment also rewrites the state's Homeowner's Incentive Adjustment, which reduces property tax bills: it raises the maximum benefit from $18,000 to $150,000 of a home's assessed value, and lets local governments and school systems add their own local grants and adjustments on top. If passed by the legislature and ratified by voters, these changes become part of the Georgia Constitution.

### What it does

- Creates a Georgia Property Tax Fairness Fund that the General Assembly can fund and spend from without needing to receive anything in return.
- Directs collections from high-technology data center taxes and the insurance premium tax into the fund to pay for refundable income tax credits for people in qualifying homes.
- Allows those tax credits to exceed the amount of income tax a homeowner actually owes.
- Raises the cap on the Homeowner's Incentive Adjustment, a property tax break, from $18,000 to $150,000 of a home's assessed value.
- Lets local governments and school systems create and fund their own local homeowner tax relief adjustments in addition to the state program.
- Exempts fund money from normal state budget lapse rules and from certain constitutional debt and appropriation limits.

### Who it affects

Georgia homeowners in homes the legislature will define as "qualifying homes," who could see income tax credits and larger property tax relief; local governments and school systems, which gain new authority to fund local tax relief programs; and high-technology data center operators and insurance companies, whose tax payments would fund the program.

### Why it matters

If voters approve this amendment, many homeowners could see meaningfully larger property tax relief, since the benefit cap jumps more than eightfold, and some could also get income tax credits funded by data center and insurance taxes rather than general state revenue, changing how tax relief is financed statewide.

### Key provisions

- Section 1 amends Article III, Section VI to let the state spend public funds on the Georgia Property Tax Fairness Fund without needing a return benefit and shields the fund from state debt limits and commingling with other state funds.
- Section 2 amends Article III, Section IX to create the fund itself, funded by data center and insurance premium tax collections, providing refundable income tax credits to residents of qualifying homes, with terms defined later by general law.
- Section 3 amends Article VII, Section IIA to raise the Homeowner's Incentive Adjustment cap from $18,000 to $150,000 of assessed home value and to let local governments and school systems create their own local versions of the adjustment.
- Section 4 sets the ballot question voters would see, asking whether to ratify the amendment as a package covering the new fund, the income tax credits, and the revised Homeowner's Incentive Adjustment.

## Status

- Status: Introduced (2026-02-25)
- Last action: House Second Readers (2026-03-03)
- Sponsors: Jasmine Clark
- Official page: https://www.legis.ga.gov/legislation/73705

> The history, votes, and amendments (132 characters) are at https://georgiacommons.org/bills/2025-2026/hr1503.md?full=1