Oconee County; ad valorem tax; close certain homestead exemption to new applicants

A BILL to be entitled an Act to amend an Act to provide a homestead exemption from Oconee County ad valorem taxes for the full value of the homestead for residents of that county who are 65 years of age or over and whose gross household income does not exceed $40,000.00, approved May 4, 2006 (Ga. L. 2006, p. 4127), so as to close such exemption to new applications; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes.