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HR 400

CONGRATS-ARROW SHED

104th Regular Session Introduced by Charlie Meier

Georgia would allow a new 100% disabled veterans property tax exemption for primary residences tied to certain housing developments or purchases, funded with possible municipal rei

Resolution Adopted
0
WeVote Research Nonpartisan
Bill Summary · HR 400

Below is a concise, objective summary of the materials you provided. The packet appears to combine two different resolutions under the same heading (HR 400). I summarize each separately and note procedural points and likely impacts.

Summary — Two distinct items appearing under “HR 400”

A. Georgia “Georgia Keys for Heroes Amendment” (constitutional amendment text)

Status: Resolution proposing constitutional amendment (to be submitted to voters)

Purpose / Intent

Authorize the Georgia General Assembly to create, by general law, an additional 100% disabled‑veterans homestead exemption that would exempt the full assessed value of a homestead in certain acquisition or development circumstances. Also authorize municipalities to seek supplementary funding to offset lost revenue from that exemption.

Key provisions

  • Adds a new Paragraph VI to Article VII, Section II of the Georgia Constitution.
  • Requires the General Assembly to provide by general law for an additional 100% disabled‑veterans homestead exemption that applies to the full assessed value of a primary homestead when a disabled veteran:
    • procures a loan or otherwise finances the development of new residential construction, or
    • obtains or receives a residential structure by inheritance, or
    • purchases an existing residential structure, for use as a primary residence.
  • The enabling statute must also authorize municipalities to seek supplementary funding to offset revenue losses caused by the exemption.
  • Includes the ballot text required for voter submission and ratification under Article X, Section I, Paragraph II of the Georgia Constitution.

Who is affected

  • Disabled veterans who meet the conditions described — potentially eligible for a full (100%) property‑tax homestead exemption on assessed value.
  • Local taxing jurisdictions and municipalities — potential reduction in property tax revenue unless offset by supplementary funding mechanisms authorized by the enabling law.
  • State legislature and administrative offices — required to enact implementing general law and to administer exemptions and any municipal reimbursement or funding programs.

Procedural/timeline aspects

  • As a constitutional amendment, this proposal must be enacted by the General Assembly and then approved by Georgia voters in a public referendum per the constitution’s amendment procedures. The resolution includes the exact ballot language that would appear to voters.

Potential impacts

  • Fiscal: possible material reduction in property tax revenue locally; the magnitude depends on uptake and program design. The enabling law’s authorization for municipal supplementary funding could partially offset local losses but details are unspecified.
  • Social: may increase housing affordability/ownership opportunities for eligible disabled veterans.
  • Administrative: state and local governments would need procedures for eligibility verification, exemption processing, and any supplementary funding distribution.

B. Illinois House Resolution (congratulatory) — “Arrow Shed, LLC — 80th anniversary”

Status: Adopted (congratulatory resolution)

Purpose / Intent

Honor and congratulate Arrow Shed, LLC on the company’s 80th anniversary and recognize its historical developments and contributions to retail/distribution of metal sheds, garages, and accessories.

Key points

  • Recites company history: founded June 6, 1945 as Arrow Metal Products; first U.S. commercial coil coater; product expansions (awnings, patio covers, sheds), facility additions (Fontana, CA), name changes, acquisitions, and business partnerships (ACE, Home Depot, Lowe’s, Sears).
  • Notes the company adopted the name Arrow Shed, LLC in 2011.
  • Recognizes the company’s anniversary celebration on April 30, 2025.
  • Non‑binding, ceremonial resolution directing that a copy be presented to the company.

Who is affected

  • Arrow Shed, LLC (honored); serves no regulatory or fiscal effect — purely commemorative.

Note on file inconsistency

The materials provided appear to mix text from two different resolutions (a Georgia constitutional amendment and an Illinois commemorative resolution) and a sponsor list containing both state and federal names. If you want a single, focused summary (e.g., only the Georgia constitutional amendment or only the Arrow Shed congratulatory resolution), please tell me which one and I will produce a refined one‑page summary and, if desired, a short fiscal/administrative implications brief for the amendment.

Compiled from official sources — confirm details with the bill’s official record.

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