HB375 Alabama 2011 Session

Summary

Primary Sponsor

Randy Davis

Republican

Co-Sponsors

Barry MooreEd HenryBecky NordgrenMac ButtramJohn MerrillKen JohnsonMike JonesPaul BeckmanApril WeaverMicky HammonBarry MaskMike HillGregory CanfieldVictor GastonMike BallJack WilliamsDickie DrakeSteve McMillanJim McClendonMark Tuggle

Session

Regular Session 2011

Title

Homestead exemptions, income qualification amount increased, Secs. 40-9-19, 40-9-21 am'd.

Description

Under existing law, any taxpayer who is over age 65, retired for permanent disability, or blind and who has an adjusted gross income of less than $12,000 is exempt from county property taxes on the first $5,000 of assessed value of his or her homestead.

Also under existing law, the principal residence and adjacent 160 acres of persons totally disabled or 65 or older who have a net annual taxable income of less than $7,5000 are exempted from ad valorem taxation on the first $5,000 of assessed value.

This bill would increase the adjusted annual gross income amounts to $39,900, or less, and the net annual taxable income to $25,000 or less, respectively.

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Subjects

Homestead Exemption