36-44-17. Limitation on creation of tax allocation district.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

No political subdivision may create a tax allocation district when the total current taxable value of property subject to ad valorem property taxes within the proposed district plus the total current taxable value of property subject to ad valorem property taxes within all its existing tax allocation districts exceeds 10 percent of the total current taxable value of all taxable property located within the area of operation of the political subdivision.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 36-44-17, enacted by Ga. L. 2009, p. 158, § 2/HB 63.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t35-t36-ch1-59-(v27)-2025-pdf.pdf, Volume V27, 2025 edition, page 937; merge action: bound only; file SHA-256 6c7b6bcea397.