HB 740

Abstract

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, and composition of and exemptions from income taxes, so as to create an annual tax credit for up to five years for taxpayers who purchase, own, and occupy a dwelling that qualifies for a homestead exemption located within a school attendance zone assigned to a public elementary school that is among the lowest 5 percent of academic achievement public elementary schools in the state; to provide for procedures, conditions, and limitations; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.