Georgia House Bill HB1315

Georgia 2023-2024 Regular Session

• Introduced: 2/20/24

Caption

Ad valorem tax; aircraft used exclusively for the aerial application of agricultural products; provide exemption

Impact

If passed, HB 1315 would amend the Official Code of Georgia Annotated regarding property tax exemptions, specifically targeting aircraft employed in aerial applications for agricultural purposes. This change aims to lighten the financial burden on agriculture-based operations and promote the utilization of advanced methods and technologies in crop management. The measure is expected to reflect positively on the state's agricultural output and economic dynamics related to farming.

Summary

House Bill 1315 proposes a statewide exemption from ad valorem taxes for aircraft utilized solely for the aerial application of agricultural products such as fertilizers, pesticides, herbicides, and seeds. The intent of this bill is to support the agricultural sector by reducing operational costs associated with the use of aircraft in farming activities. The proposed exemption is expected to encourage increased use of aerial methods in agriculture, which can enhance efficiency and productivity within the sector.

Contention

One potential point of contention surrounding HB 1315 may revolve around the fairness and implications of tax exemptions for specific sectors. Critics might argue that granting tax exemptions to aircraft used in agriculture could lead to unequal treatment amongst different industries and raise questions about the prioritization of funding and resources. Additionally, the bill's implementation would be contingent on public approval during a referendum scheduled for November 5, 2024, where voters will decide whether to approve the exemption. This aspect indicates that the bill's passage is not solely legislative but participatory, potentially sparking debate on agricultural tax policy within the community.