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.
Summary
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 status
introduced
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
Governor
Introduced Apr 5, 2023
Last action Apr 12, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
0
Apr 5, 2023
Introduced
Introduced and Referred (State Government)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Margie Wilcox
RRepublican
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