HB64 Alabama 2010 Session

Summary

Primary Sponsor

H. Mac Gipson

Republican

Session

Regular Session 2010

Title

Ad valorem tax, classifications of property, aircraft, privately owned, noncommercial, included within Class IV Property, effective on adoption of const. amend., Sec. 40-8-1 am'd.

Summary

HB64 would classify privately owned, noncommercial aircraft as Class IV for Alabama ad valorem taxes, but only if a constitutional amendment authorizing it is adopted.

What This Bill Does

It amends Section 40-8-1 to include privately owned, noncommercial aircraft in Class IV. This class carries a 15% assessment ratio of the property's value for ad valorem taxes. The change would take effect only after an authorizing constitutional amendment is approved, and the aircraft would be taxed at Class IV rates if the amendment is adopted, provided they are used for personal pleasure or display and not for business or for transporting passengers or cargo for a fee.

Who It Affects

• Privately owned, noncommercial aircraft owners would have their aircraft subject to Class IV ad valorem taxation at 15% of assessed value once the amendment is adopted.
• County and municipal tax assessors and other local taxing authorities would classify such aircraft as Class IV property and apply the 15% rate when determining taxes, after the amendment is approved.

Key Provisions

• Privately owned, noncommercial aircraft would be included in Class IV for ad valorem tax purposes.
• Class IV property carries a 15% ratio of assessed value to fair market value for taxation.
• The change becomes effective only upon the adoption of an authorizing constitutional amendment.
• The bill amends Section 40-8-1 to define Class IV properties to include private passenger automobiles, pickups, and privately owned noncommercial aircraft used for personal pleasure or display, not for business or for transporting passengers/cargo for a fee.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Aircraft