HB 688

Abstract

A BILL to be entitled an Act to provide a homestead exemption from Gwinnett County ad valorem taxes for county purposes, other than to retire bonded indebtedness, in an amount equal to $20,000.00 of the assessed value of the homestead for residents of Gwinnett County whose federal adjusted gross income, as well as the federal adjusted gross income of the spouse of such resident and all other members of the family who also reside at such homestead, is less than $10,000.00; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to require annual income reporting; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.