HB296 Alabama 2010 Session

Summary

Primary Sponsor

H. Mac Gipson

Republican

Session

Regular Session 2010

Title

Ad valorem tax, motorcycles included in definition of motor vehicles, Amendment 373, (Section 217, Recompiled Constitution of Alabama of 1901, as amended), am'd., const. amend.

Description

Under existing constitutional and statutory law, real and personal property is classified in different categories for ad valorem taxation purposes. The various classifications are assessed at different rates. Currently, motorcycles are assessed at 20 percent and private motor vehicles are assessed at 15 percent.

This bill would propose an amendment to Amendment No. 373 to the Constitution of Alabama of 1901, now appearing as Section 217 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, relating to the classifications of property for ad valorem tax purposes, to include motorcycles within the definition of private passenger automobile and as a result, assessing motorcycles at a lower rate for taxation purposes.

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Subjects

Constitutional Amendments