Under existing law, the principal residence of a totally disabled person or a person 65 years of age or older having a taxable income of $7,500 or less is exempt from ad valorem taxation
This bill would increase the income limit for the tax exemption to $15,000
To amend Section 40-9-21, Code of Alabama 1975, relating to the homestead exemption for the disabled and the elderly, to increase the income limit for the ad valorem tax exemption.
|December 8, 2010||Died in Committee on 12/16/2010|
|Bill Text||SB7 Alabama 2010 1st Special Session - Introduced|