HB173 Alabama 2018 Session

Summary

Primary Sponsor

Danny CrawfordRepresentative

Republican

Session

Regular Session 2018

Title

Ad valorem taxes, co. commission authorized to abate taxes for Class III property taxed at current use when converted to other taxable use for projects under Ala. Jobs Act, consent of municipality if in corporate limits, Sec. 40-7-25.4 added

Summary

HB173 would let Alabama counties abate all or part of rollback ad valorem taxes for projects that qualify for Alabama Jobs Act incentives, subject to job creation, large capital investment, and municipal consent requirements.

What This Bill Does

The bill authorizes county governing bodies to grant tax abatements on property within the county for qualifying projects. Abatement is allowed only if the project is eligible under the Alabama Jobs Act, creates the required number of new jobs, anticipates at least $100 million in capital expenditures, and, if within a municipality, has the municipality’s consent. The agreement setting up the abatement must be filed with the Department of Revenue within 90 days and is confidential unless the owner/user agrees otherwise. The act also includes severability and immediate effectiveness after passage.

Who It Affects

• Counties and their governing bodies, who would have the authority to grant abatements on rollback ad valorem taxes for qualifying projects.
• Property owners or project users (and municipalities where applicable), who could receive tax abatements if they meet the criteria and sign the agreement on the abatement.

Key Provisions

• Authorizes counties to grant abatements of rollback ad valorem taxes for property within the county that is used for a qualifying Alabama Jobs Act project.
• Abatement requires: (a) qualifying project under 40-18-372(1), (b) creation of the required number of new jobs under 40-18-372(2), (c) anticipated minimum of $100 million in capital expenditures, and (d) municipal consent if located in a municipality.
• Abatement must be documented in an agreement with the property owner/user and filed with the Department of Revenue within 90 days; information used for statistics and kept confidential unless consent is given.
• Severability clause and immediate effectiveness after governor's approval.

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

Subjects

Ad Valorem Tax