Georgia CommonsSB530: SB530 Georgia Property Tax Fairness Fund; create
Last action February 19, 2026 · Senate Read and Referred
Senate Bill 530 would create a new Georgia Property Tax Fairness Fund, using insurance premium tax and high-tech data center sales tax money to give income tax and property tax credits to lower-income homeowners and renters facing high housing costs relative to their income.
In plain language
Right now, insurance premium taxes and a sales tax exemption for high-technology data centers go toward general state purposes, and there is no dedicated state fund to offset property tax or rent burdens for lower-income Georgians. This bill would create the Georgia Property Tax Fairness Fund, fed by insurance premium tax collections and high-technology data center sales and use tax collections. The Department of Revenue would use the fund to issue income tax credits to homeowners whose property tax and homeowners insurance payments exceed 5 percent of their income, and to renters whose rent exceeds 33 percent of their income, provided their income falls under set thresholds ($120,000 or $60,000 depending on filing status). The bill also ends new sales and use tax exemptions for high-technology data centers going forward and repeals several existing insurance premium tax credits and abatements. It creates a separate ad valorem (property) tax credit funded by data center sales tax money, capped at $2,500 per home and limited to homes worth $500,000 or less. The whole law only takes effect January 1, 2027, and only if Georgia voters approve a related constitutional amendment in the November 2026 election; otherwise it is automatically repealed.
Who it affects
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Why it matters
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Status timeline
- Senate Read and Referred (Senate)
- Senate Hopper (Senate)
Sponsors
- Nabilah Islam Parkes (D, SD-007)
- Harold Jones (D, SD-022)
- Tonya Anderson (D, SD-043)
- Gail Davenport (D, SD-017)
- RaShaun Kemp (D, SD-038)
- Kenya Wicks (D, SD-034)
- Nan Orrock (D, SD-036)
- Jaha Howard (D, SD-035)
- Sheikh Rahman (D, SD-005)
- Nikki Merritt (D, SD-009)
- Kim Jackson (D, SD-041)