SB 493
Allows the governing body of Macon County to grant tax relief to certain properties to alleviate blight
LR Number:
Last Action:
1/5/2012 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2012

Current Bill Summary

SB 493 - This act authorizes the governing body of Macon County to designate areas within the county as blighted areas and exempt, in whole or in part, improvements made to real property in such areas from property taxes. The governing body is required to provide notice to affected taxpayers and political subdivisions and hold public hearings prior to the designation of a blighted area and before any specific grant of property tax exemption. The designation of a blighted area will expire after twenty-five years and properties may only receive an exemption during the time period in which such blight designation is effective.

This act is similar to SB 224 (2011).