Ad valorem tax; state-wide homestead exemption in an amount as determined from proceeds generated from collection of certain ad valorem property taxes on data centers

Summary

The bill would give every Georgia resident a homestead exemption on ad valorem taxes, with the amount determined each year from any excess property tax revenue collected from data centers. If data‑center tax collections exceed the base‑year level, the surplus funds the exemption; if they fall short, the exemption is zero. The measure requires a two‑thirds legislative vote and a statewide referendum before taking effect on January 1, 2027.

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