SB152 Alabama 2011 Session

Updated Jan 10, 2026

Summary

Primary Sponsor: Cam Ward
Republican
Co-Sponsors: Gerald O. Dial Clay Scofield Phillip W. Williams Bill Holtzclaw Paul Bussman Dick Brewbaker Shadrack McGill Greg J. Reed Jimmy Holley Scott Beason Arthur Orr Rusty Glover Ben H. Brooks Del Marsh J.T. Waggoner Gerald H. Allen Bryan Taylor
Session: Regular Session 2011
Title: Small businesses, expansion or construction of new commercial property, noneducational ad valorem tax exemption authorized for certain time period, reappraisal
Description: Under existing law, certain incentives may be offered to companies that locate a new business or expand an existing business in this state.
This bill would provide an exemption from noneducational property tax with respect to expansion or location projects undertaken by small businesses to be located in the state.
This bill would provide that the exemption would be available for five years from the commencement of the expansion or relocation.
This bill would provide that the property entitled to the noneducational property tax exemption would be reappraised at its current value if it is sold by the entity that is granted an exemption or at the end of the five-year period.
This bill would provide that each entity with respect to a project would be entitled to receive the exemption upon the filing by the investing company of a statement of intent to claim the exemption with the Department of Revenue.
Subjects: Business and Commerce