This referendum clarifies that the existing exemption from property taxation for nonprofit homes for the mentally disabled applies even when financing for construction or renovation of the homes is provided by a business corporation or other entity.
A YES vote supports this measure to clarify that an existing tax exemption for nonprofit housing for the mentally disabled can be applied to housing constructed or renovated through financing from businesses.
A NO vote opposes the measure.
House Bill No. 196
Act No. 25
Ga. L. 2017, p. 55
“Shall the Act be approved which provides an exemption from ad valorem taxes on nonprofit homes for the mentally disabled if they include business corporations in the ownership structure for financing purposes?”