HB157 Alabama 2014 Session
Updated Jan 10, 2026
HB157 Alabama 2014 Session
House Bill
In Committee
Current Status
Regular Session 2014
Session
1
Sponsor
Summary
- Primary Sponsor
-
Wes LongRepublican - Session
- Regular Session 2014
- Title
- Taxation, exempt tangible assets, exempt real property whose original acquisition cost was less than $250.00, Sec. 40-9-1 am'd.
- Description
Under existing law, all individual tangible assets, not specifically exempt by law, are subject to ad valorem taxation.
This bill would exempt all individual tangible taxable assets with an original acquisition cost of $250 or less from ad valorem taxation.
- Subjects
- Taxation
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Commerce and Small Business
Bill Text
Documents
Source: Alabama Legislature