| 3 | 3 | | By: Representatives Efstration of the 104 |
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| 4 | 4 | | th |
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| 5 | 5 | | , Dickey of the 134 |
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| 6 | 6 | | th |
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| 7 | 7 | | , Hagan of the 156 |
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| 8 | 8 | | th |
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| 9 | 9 | | , and |
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| 10 | 10 | | Buckner of the 137 |
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| 11 | 11 | | th |
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| 12 | 12 | | |
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| 13 | 13 | | A RESOLUTION |
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| 14 | 14 | | Proposing an amendment to the Constitution so as to increase the maximum acreage to |
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| 15 | 15 | | 1 |
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| 16 | 16 | | qualify for assessment and taxation as a bona fide conservation use property; to provide for2 |
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| 17 | 17 | | related matters; to provide for the submission of this amendment for ratification or rejection;3 |
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| 18 | 18 | | and for other purposes.4 |
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| 19 | 19 | | BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:5 |
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| 20 | 20 | | SECTION 1.6 |
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| 21 | 21 | | Article VII, Section I, Paragraph III of the Constitution is amended by revising7 |
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| 22 | 22 | | subparagraph (e)(1) as follows:8 |
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| 23 | 23 | | "(e) The General Assembly shall provide by general law:9 |
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| 24 | 24 | | (1) For the definition and methods of assessment and taxation, such methods to include10 |
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| 25 | 25 | | a formula based on current use, annual productivity, and real property sales data, of: |
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| 26 | 26 | | 'bona11 |
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| 27 | 27 | | fide conservation use property' to include bona fide agricultural and timber land not to12 |
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| 28 | 28 | | exceed 2,000 4,000 acres of a single owner; and 'bona fide residential transitional13 |
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| 29 | 29 | | property,' to include private single-family residential owner occupied property located in14 |
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| 30 | 30 | | transitional developing areas not to exceed five acres of any single owner. Such methods15 |
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| 31 | 31 | | of assessment and taxation shall be subject to the following conditions:16 |
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| 34 | 34 | | (A) A property owner desiring the benefit of such methods of assessment and |
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| 35 | 35 | | 17 |
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| 36 | 36 | | taxation shall be required to enter into a covenant to continue the property in bona fide18 |
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| 37 | 37 | | conservation use or bona fide residential transitional use; and19 |
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| 38 | 38 | | (B) A breach of such covenant within ten years shall result in a recapture of the tax20 |
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| 39 | 39 | | savings resulting from such methods of assessment and taxation and may result in other21 |
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| 40 | 40 | | appropriate penalties;"22 |
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| 41 | 41 | | SECTION 2.23 |
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| 42 | 42 | | The above proposed amendment to the Constitution shall be published and submitted as24 |
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| 43 | 43 | | provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the25 |
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| 44 | 44 | | above proposed amendment shall have written or printed thereon the following:26 |
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| 45 | 45 | | "( ) YES27 |
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| 46 | 46 | | ( ) NO 28 |
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| 47 | 47 | | 29 |
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| 48 | 48 | | 30 |
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| 49 | 49 | | Shall the Constitution of Georgia, for the purpose of protecting family |
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| 50 | 50 | | farmland, be amended so as to increase the maximum acreage to qualify for |
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| 51 | 51 | | assessment and taxation as a bona fide conservation use property from 2,000 |
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| 52 | 52 | | acres to 4,000 acres?" |
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| 53 | 53 | | All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes." |
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| 54 | 54 | | 31 |
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| 55 | 55 | | All persons desiring to vote against ratifying the proposed amendment shall vote "No." If32 |
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| 56 | 56 | | such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall33 |
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| 57 | 57 | | become a part of the Constitution of this state.34 |
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