Georgia Statutes
§ 48-5-350 — Power to levy and collect tax to provide funds for municipal development authorities
Georgia·Title 48
Every municipality may levy and collect municipal taxes upon all taxable property within the limits of the municipality to provide for financial assistance to its development authority or a joint county and municipal development authority for the purpose of developing trade, commerce, industry, and employment opportunities. The tax levied for the purposes provided in this Code section shall not exceed three mills per dollar upon the assessed value of the property; provided, however, that the authorization contained in this Code section to levy and collect such tax shall not be deemed to be exclusive and shall not prevent any municipality from exercising any additional power granted to it pursuant to any constitutional amendment, whether general or special, to levy any ad valorem tax for th
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Georgia § 48-5-350 (Power to levy and collect tax to provide funds for municipal development authorities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by 2024 Ga. Laws 701,§ 5, eff. 7/1/2024.
Nearby Sections
15
§ 48-1-1
Short title§ 48-1-2
Definitions§ 48-1-8
Computer software§ 48-1-9
Taxpayer Bill of Rights§ 48-10-1
through 48-10-16 - Redesignated§ 48-11-1
Definitions