HB25 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Joseph C. Mitchell
Democrat
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.
Subjects: Homestead Exemption

Read for the first time and referred to the House of Representatives committee on Government Appropriations