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HB 259

  • Alabama House Bill
  • 2023 Regular Session
  • Introduced in House Apr 05, 2023
  • House
  • Senate
  • Governor

Relating to tax abatements; to specify that the method of determining fair market value of real or personal property by a tax abatement recipient appealing an ad valorem tax assessment in circuit court shall be the same method used by the county granting the tax abatement; and to exclude consideration of obsolescence in determining fair market valuation of real or personal property for the duration of an abatement.

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Bill Subjects

Tax Abatements

Abstract

Tax abatements, industrial and research enterprises, county's method is sole for determining fair market value of property, fair market value calculation excludes obsolescence.

Bill Sponsors (1)

Margie Wilcox

  • Republican
  • Representative
  • District 104
Primary

Votes

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Actions

Apr 12, 2023

House

Carry Over (State Government)

Apr 05, 2023

House

Introduced and Referred (State Government)

House

Read First Time in House of Origin

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

Document Format
Fiscal Note: As Introduced PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Alabama Legislature.

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