State Issues
Governor's Signature Pending on Other Important Legislation
April 30, 2024
Two other pieces of legislation of concern to ACBR passed the assembly this year. These included sales tax exemptions for data centers and prohibiting possessory interest in certain lands by certain foreign persons/entities. ACBR opposed HB 1192, which suspends the issuance of any new certificates of sales tax exemptions for certain high-technology data center equipment.
ACBR opposed HB 1192 because the abrupt suspension of the exemption brings into question the state's long-term commitment to its economic development program and policies, threatening the certainty and predictability of financing large capital investments.
Similarly, SB 420 prohibits possessory interest in certain lands by certain foreign persons/entities. Several ACBR members are concerned about the economic loss to the state the bill could cause.
Both bills have been sent to the Governor for his signature and if not signed or vetoed by May 7, 2024, the bills will become law.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.