SB27 Alabama 2013 Session

In Committee

Bill Summary

Sponsors

George M. “Marc” Keahey

Session

Regular Session 2013

Title

Ad valorem tax, homestead exemption from local taxes, disabled and person over 65, exemption restored for disabled without regard to income, exemption for residents disabled further provided for based on state taxable income, effect to substantially repeal Act 2012-313, 2012 Reg. Sess.; Sec. 40-9-21 am'd.

Description

Under existing law, prior to the enactment of Act 2012-313, persons permanently and totally disabled were exempt from all state and local ad valorem taxes

Act 2012-313 established a threshold requirement that persons permanently and totally disabled residing in a household with taxable income of less than $12,000 qualify for certain homestead exemptions

This bill would remove the income limitation for persons permanently and totally disabled to receive these certain homestead exemptions

This bill would provide that the provisions of this act would be retroactive to August 1, 2012, the effective date of Act 2012-313

Relating to ad valorem tax exemptions on homesteads and principal residences; to amend Section 40-9-21 of the Code of Alabama 1975, as last amended by Act 2012-313, 2012 Regular Session, relating to homestead exemptions and exemptions on principal residences, to restore the exemption for persons permanently or totally disabled; and to provide for the retroactive application of the above provisions and for the implementation of this act.

Subjects

Tax

Bill Actions

Action Date	Chamber	Action
February 5, 2013	S	Read for the first time and referred to the Senate committee on Finance and Taxation General Fund

Bill Text

Bill Summary

Bill Actions

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Bill Documents