Fulton County; ad valorem tax; exemption amount to $60,000 after two-year phase-in period; increase

A BILL to be entitled an Act to provide tax relief for Fulton County; to impose a cap on certain millage rates imposed by Fulton County; to provide for future millage rate increases; to amend an Act providing a homestead exemption from Fulton County ad valorem taxes for county purposes in the amount of $15,000.00 of the assessed value of the homestead for residents of that county, approved April 20, 1992 (Ga. L. 1992, p. 6583), as amended, particularly by an Act approved May 13, 2008 (Ga. L. 2008, p. 4010), so as to increase the exemption amount to $60,000.00 after a two-year phase-in period; to provide for applicability; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.