This bill proposes adding a constitutional amendment to allow Perry County residents aged 65 or older to claim a senior property tax exemption on their primary homes. The exemption would freeze the assessed value of the property for tax purposes, protecting owners from future property value increases while they continue to live there. To qualify, homeowners must have lived in the property as their main residence for at least five years before the tax year they first claim the exemption, and they must apply in writing between October 1 and December 31. The exemption applies only to single-family owner-occupied homes and does not prevent the property from being subject to regular millage rate changes or taxes on any new additions made after claiming the exemption.
This bill proposes a constitutional amendment to allow Madison County residents aged 65 or older to claim a senior property tax exemption on their primary homes. The exemption would freeze the assessed value of the property at the rate before the exemption is claimed, protecting owners from future property value increases while still applying any new millage rates to the frozen value. To qualify, homeowners must have lived in the property as their main residence for at least five years before applying, and they must submit a written request to the county revenue commissioner between October 1 and December 31. The exemption can be claimed starting October 1, 2027, and would continue as long as the property remains the owner's primary residence. This change would require voter approval through a special election to amend the state constitution.
This bill authorizes Class 1 municipalities in Alabama to create and manage their own housing trust funds to address local affordable housing shortages. The legislation allows these municipalities to establish advisory committees with seven members representing finance professionals, community advocates, and low-income residents to oversee fund administration. Municipalities can fund the trust through donations, grants, bonds, and other sources without creating new taxes, and must conduct annual independent audits of the fund. The bill defines affordable housing as units available to households earning up to 120 percent of the area median income and specifies allowable uses for the funds, including building new housing units, rehabilitating existing units, and maintaining affordability for vulnerable populations.
This bill proposes a constitutional amendment to allow Monroe County residents aged 65 and older to claim a senior property tax exemption on their primary single-family home. The exemption would freeze the property's assessed value at the level from the year before the exemption begins, protecting owners from future property value increases while still allowing taxes to rise if the home is expanded or improved. To qualify, homeowners must have lived in the property as their main residence for at least five years before applying, and the exemption can be claimed starting October 1, 2027. The measure requires voter approval through an election before it becomes law, and it would not affect existing homestead exemptions or changes to local tax rates.
This bill proposes a constitutional amendment to allow seniors in Wilcox County, Alabama, to receive a property tax exemption on their primary residences. The measure would freeze the assessed value of qualifying homes for tax purposes, protecting owners from future increases in property values. To qualify, homeowners must be at least 65 years old and have lived in the property as their main home for at least five years before claiming the exemption. The exemption can be claimed starting in 2027 and applies only to the original property value, meaning any additions or improvements made after claiming the exemption would still be taxed. This change would require voter approval in a special election before it becomes law.
This bill requires real estate wholesalers and unsolicited property solicitors in Alabama to obtain a license from the Alabama Real Estate Commission and provide specific written disclosures to sellers and buyers about the nature of their transactions. The law defines real estate wholesaling as a practice where a buyer contracts with a homeowner to purchase a property and then assigns that interest to another buyer for a fee, requiring clear statements that the wholesaler does not own the property and intends to market or assign the interest. Both the Alabama Real Estate Commission and the Alabama Securities Commission will have shared authority to enforce these rules, with violations potentially resulting in fines, penalties, and rescission of certain contracts. The legislation specifically targets single-family residential properties and aims to increase transparency in transactions that could otherwise harm vulnerable homeowners.
HB 510 expands the authority of industrial development boards in Alabama's Class 2 municipalities (populations 5,000-20,000). It grants these boards the power to issue bonds, finance projects through loans or grants, and manage development projects like buildings, housing, and infrastructure to advance economic growth. Specifically, boards can now use bond proceeds or other funds to construct, improve, or lease facilities for industrial, commercial, or residential use, provided they align with public purposes like job creation or eliminating blighted properties. The bill applies to both existing and newly formed boards in Class 2 municipalities, effective October 1, 2026.
This resolution (HR 191) expresses the Alabama House of Representatives' support for creating a state-level tax credit program to expand affordable housing. It specifically advocates for an "Alabama Affordable Housing Investment Credit" administered by the Alabama Housing Finance Authority, which would incentivize financial institutions to fund low-income housing through loans and investments. The resolution directly supports low-income households by aiming to close financing gaps for housing preservation and development. It does not create new law but urges coordination of existing federal housing resources and state-level private capital.
SB 307 authorizes Alabama's Class 1 municipalities (like Birmingham or Montgomery) to create nonprofit community land trusts that provide affordable housing for low-income and moderate-income families. The trusts would lease land for 99 years to qualifying residents through long-term ground leases, ensuring housing remains affordable by restricting resale prices and requiring the trusts to be membership-based with publicly accessible meetings. The bill also allows trusts to acquire properties, make improvements, and qualify for property tax exemptions, while requiring boards of directors to include diverse community representation and housing experts. This directly affects residents who qualify as low-income (≤80% of HUD area median income) or moderate-income (≤120%) families seeking stable, long-term housing.
SB 244 increases the fee paid when recording home loans, deeds of trust, or similar property security instruments in Alabama. The bill modifies how this fee revenue is distributed, directing all proceeds to the Alabama Housing Trust Fund instead of general state funds. This change affects anyone recording such property-related financial instruments (like homebuyers or lenders), with the new revenue specifically funding housing programs. The fee amount itself remains unchanged (30 cents per $100 of debt), but the destination of the funds is now dedicated to housing. The bill makes no changes to the fee calculation method or the instruments subject to the fee.
