SB493 Alabama 2011 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Arthur OrrSenator
Republican
Session: Regular Session 2011
Title: Tornado Recovery Tax Incentive Protection Act, grants and extensions of tax incentives and abatements for properties damaged or destroyed by April 2011 tornadoes, protected
Summary: The Tornado Recovery Tax Incentive Protection Act of 2011 protects and broadens tax incentives and abatements for properties damaged by the April 2011 tornadoes, including repair work and deadline extensions.
What This Bill Does
It allows tax abatements under Chapter 9B, Title 40 to apply to repair or replacement of tornado-damaged property (not just new construction) and shields existing ad valorem abatements from disqualification due to tornado-related interruptions, for transactions or property acquired before December 31, 2012. It also tolls the wage and employee requirements of the capital credit by two years for otherwise qualifying projects damaged by the tornadoes. The act becomes effective immediately after the governor signs it.

Who It Affects
Businesses and property owners seeking or currently receiving tax abatements under Alabama law, who can qualify for repair/replacement-related abatements and are protected from disqualification due to tornado-related interruptions.
Projects eligible for the state capital credit under Title 40, Chapter 18, Article 7, whose wage and employee requirements will be tolled for two years if they were damaged by the April 2011 tornadoes.

Key Provisions
Provision 1: Expands abatement eligibility to cover repair or replacement of property damaged by the April 15 and April 27, 2011 tornadoes, and prevents disqualification of existing ad valorem abatements due to tornado-related interruption, for transactions or property acquired before December 31, 2012.
Provision 2: Tolles the wage and employee requirements of the state capital credit for two years for otherwise qualifying projects that were damaged by the tornadoes.

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