Columbus Consolidated Government
Referrals From Mayor and Council-11/07/2006
Subject Tax Abatement
Description Have the staff to provide information on the Enterprise Zone
portion, relating to tax abatement; whereby, if a residence can qualify for tax
abatement under the Enterprise Zone, would they get the same tax credits as a
commercial developer, but would not have to comply with the employee
requirement. (Request of Councilor Allen)
Received From
Assigned To Lynnette Gross, Joe Riddle, David Arrington
Please enter a date mm/dd/yy before any comments are added.
Response 11/9/06 - Georgia Code Section 36-33 states " (b) IF the project
consists of new residential construction , residential rehabilitation, or other
rehabilitation of an existing structure and the value of the improvement
exceeds the value of the land by a ratio of five to one, then the exemption
scheduled in subsection (a) of this Code section shall also apply whether or
not the project is carried out by a qualifying business or service
enterprise." there have been two applications of abatement for residential.
One is apartments where the developer/owner has received the abatement (i.e.
Victory Crossing) and the other is in the East Wynnton area where the tax
abatement is used as an incentive for homeownership and is applied for by the
purchaser of new housing.
Closed Date
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