HB410 Alabama 2011 Session

Summary

Primary Sponsor

Oliver Robinson

Democrat

Co-Sponsors

Mary MooreJohn W. RogersRod Scott

Session

Regular Session 2011

Title

Ad valorem tax, exemptions for principal residence and 160 adjacent acres of persons totally disabled or age 65 years or older, amount of net taxable income increased, phased in every five years, Sec. 40-9-21 am'd.

Description

Under existing law, the principal residence and 160 acres adjacent thereto of any person who is totally disabled or who is 65 years of age or older having a net annual taxable income of $7,500 shown on the latest federal income tax return or an affidavit in lieu of the federal income tax return is exempt from ad valorem taxes.

This bill would increase the net annual taxable income to $30,000.

This bill would provide for the increase to be phased-in every five years in the amount of $7,500.

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Subjects

Taxation