Ad valorem tax; property tax exemptions; allow certain nonprofit institutions to exempt certain buildings

A BILL to be entitled an Act to amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to property tax exemptions, so as to allow certain nonprofit charitable institutions to exempt buildings used for the primary or incidental purpose of securing income from property tax; to provide for procedures, conditions, and limitations; to provide for a referendum; to provide for a contingent effective date; to provide for automatic repeal under certain circumstances; to provide for applicability; to provide for compliance with constitutional requirements; to repeal conflicting laws; and for other purposes.