HB521 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Ad valorem tax for owner of residence over 65 years old, exception from, determination of age, Sec. 40-9-21 am'd.
Description
Under existing law, the personal residence of a person who is 65 years of age or older and has a net annual taxable income of $12,000 or less is exempt from ad valorem taxation
This bill would provide that a person who will attain the age of 65 between October 1 and December 31 of a tax year is eligible for the ad valorem tax exemption for that year
Relating to ad valorem taxes; to amend Section 40-9-21, Code of Alabama 1975, to provide that a person who will attain the age of 65 between October 1 and December 31 of a tax year is eligible for an ad valorem tax exemption for that year if he or she earns less than $12,000 annually.
Subjects
Ad Valorem Tax
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 21, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB521 Alabama 2015 Session - Introduced |