HB25 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Homestead exemptions, annual adjustment based on gross national product, Revenue Department to calculate, Sec. 40-9-19 am'd.
Description
Currently, the homestead exemption granted property owners may not exceed $4,000 in assessed value
This bill would provide a method for annual adjustments in the homestead exemption in an amount based on the annual change in the gross national product
To amend Section 40-9-19, Code of Alabama 1975, relating to the homestead exemption; to provide a method for annual adjustment based upon the annual gross national product.
Subjects
Homestead Exemption
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Government Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB25 Alabama 2010 Session - Introduced |