Ad Valorem Tax; provide for creation of economic development incentative programs

A BILL to be entitled an Act to amend Code Section 48-5-7.4 of the Official Code of Georgia Annotated, relating to ad valorem taxation of bona fide conservation use property, so as to provide for creation of economic development incentive programs; to provide that certain conservation use covenant properties may be utilized for commercial or industrial purposes without penalty if allowed by local ordinance and a local economic development panel; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.