HB 259 Alabama House · 2023 Regular Session

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
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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
Photo of Margie Wilcox
Margie Wilcox
RRepublican
AL
104