HB64 Alabama 2010 Session
Bill Summary
Under existing law, real and personal property is classified in different categories for ad valorem taxation purposes. The various classifications are taxed at different rates
Currently, privately owned, noncommercial aircraft are taxed at 20 percent and private motor vehicles are taxed at 15 percent
This bill, which would only become effective upon the adoption of an authorizing constitutional amendment, would include privately owned, noncommercial aircraft within Class IV
To amend Section 40-8-1, Code of Alabama 1975, relating to the classifications of property for ad valorem tax purposes, to include privately owned, noncommercial aircraft within Class IV, to become effective on the adoption of an authorizing constitutional amendment.
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 | HB64 Alabama 2010 Session - Introduced |