Ad valorem tax; qualified timberland property; add a definition

A BILL to be entitled an Act to amend Article 13 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of qualified timberland property, so as to add a definition; to limit the determination of fair market value to a weighted market and income approach to valuation; to revise certain requirements for certification of qualified timberland property; to provide for related matters; to repeal conflicting laws; and for other purposes.