HB198 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Ad valorem tax, Class II and Class III property, reappraisal every four years, Sec. 40-7-60 am'd.
Description
<p class="bill_description"> Under existing law, the Department of
Revenue supervises and regulates the periodic
reappraisal of all property in Alabama</p><p class="bill_description">
This bill would provide that Class II and
Class III real property in Alabama would not be
subject to reappraisal more often than once every
four years, provided that the level of equalization
for a particular county falls between 90 percent
and 105 percent with a coefficient of dispersion of
no greater than 20 as determined by an annual sales
ratio study conducted by the Department of Revenue</p><p class="bill_entitled_an_act"> To amend Section 40-7-60, Code of Alabama 1975,
relating to the reappraisal of property in Alabama, to provide
Class II and Class III real property in Alabama would not be
subject to reappraisal less than every four years.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on County and Municipal Government |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB198 Alabama 2013 Session - Introduced |