Bona Fide Conservation Use Property; impending expiration to be sent via certified mail; require notices

Summary

The bill expands Georgia’s definition of bona‑fide conservation use property to include land used for carbon sequestration and updates how owners receive tax assessments for such land. It mandates certified‑mail (or electronic) notices 60 days before a conservation covenant expires, allows renewal in the ninth year, and lets owners combine multiple covenants into one ten‑year covenant. It also caps low‑income building tax credits at $100 million annually through 2028 and takes effect for tax years starting in 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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