Overview of House Bill 581: Key Changes to Local Government Revenue
Friday, October 4th, 2024
House Bill 581, passed during the 2024 legislative session and signed by Governor Kemp, introduces key changes that will impact local government revenue. This bill includes procedural modifications to property tax assessments and appeals, a new statewide homestead exemption (which local governments can opt out of), and a local option sales tax aimed at providing property tax relief.
This FAQ document offers an overview of the bill’s major components, addressing the implications for local governments and the decisions they need to make in the coming months. Additionally, Appendix A provides a detailed outline of these provisions to support local decision-making.
