HB473 Alabama 2017 Session

Summary

Primary Sponsor

Ron Johnson

Republican

Session

Regular Session 2017

Title

Forever Wild Land Trust, property in trust, payment of ad valorem taxes from Alabamam Trust Fund, const. amend.

Summary

The bill would amend the Alabama Constitution to make the Alabama Trust Fund pay the Forever Wild Land Trust extra money to reimburse counties for ad valorem tax revenue lost when land is acquired.

What This Bill Does

It would authorize additional payments from the Alabama Trust Fund to the Forever Wild Land Trust to reimburse counties for the property tax revenue they lose when Forever Wild buys land. The reimbursement would be based on the ad valorem taxes paid on the property before it was acquired and would be in addition to payments already made under Amendment 860. Payments would be a first priority for the Forever Wild Land Trust, funded by the Alabama Trust Fund, and the amendment would start with the ad valorem tax year after ratification and require voter approval to take effect. The amendment is self-executing.

Who It Affects

• Counties in Alabama would receive reimbursements for lost ad valorem tax revenue on properties acquired by the Forever Wild Land Trust.
• Forever Wild Land Trust would receive funds from the Alabama Trust Fund to reimburse counties, with such payments taking priority.

Key Provisions

• Authorizes additional payments from the Alabama Trust Fund to the Forever Wild Land Trust to reimburse counties for lost ad valorem tax revenue due to Forever Wild land acquisitions.
• The reimbursement amount is based on the ad valorem taxes paid on the property prior to acquisition by the Forever Wild Land Trust.
• Payments to the Forever Wild Land Trust would be the first priority of the Trust, funded by the Alabama Trust Fund, and would apply as long as no contractual obligation is impaired.
• The amendment would take effect for the ad valorem tax year after ratification and would be self-executing.
• The amendment would be in addition to any payments already required under Amendment 860.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Constitutional Amendments