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.
|January 12, 2010||Read for the first time and referred to the House of Representatives committee on Government Appropriations|
|Bill Text||HB25 Alabama 2010 Session - Introduced|