19 Mar LEGISLATIVE NEWS: WEEK 10
Week ten of the Legislative Session checked off four more days on the calendar as we ended the week on Thursday. Lawmakers headed back to their districts after a full week of action with several GAC priority issues working through committees and some making it to final passage on the floor. Next week will see three more official session days and two other committee work days.
AGRICULTURE AD VALOREM ISSUE PASSED THROUGH SENATE FINANCE COMMITTEE
Chairman Sam Watson’s House Bill 498 was heard in the Senate Finance Committee on Wednesday. Watson explained the need for the legislation to the Senators and the bill was passed onto the rules committee after several questions from the committee.
This legislation aims to align the Georgia Code with the intent of the legislature so that qualifying family farm entities will not be subject to ad valorem tax on farm equipment due to their business structure. Much like the issue we faced with CUVA three years ago, it would allow for qualifying entities that qualify separately to consolidate or merge in order to bear the costs of the extremely capital-intensive industry that is agribusiness.
There is plenty of work still to be done because of the requirement of 2/3 vote in both chambers as well as a statewide referendum on the 2022 ballot.