Bama Politics
  • Home
  • Alabama News
    • Alabama Economic News
    • Alabama Education News
    • Alabama Election News
    • Alabama Healthcare News
    • Alabama Legislation News
    • Alabama Local News
    • Alabama Opinion Editorials
  • Elections & Results
    • 2022 Alabama Elections & Results
    • 2021 Alabama Elections & Results
    • 2020 Alabama Elections & Results
    • 2019 Alabama Elections & Results
    • 2018 Alabama Elections & Results
    • 2017 Alabama Elections & Results
    • 2016 Alabama Elections & Results
    • 2015 Alabama Elections & Results
    • 2014 Alabama Elections & Results
  • Officials
    • Statewide
    • US Representatives
    • State Senators
    • State Representatives
    • All Profiles
  • Bills
    • 2021 Alabama Senate Bills
    • 2021 Alabama House Bills
    • All Bills
  • Places
    • Alabama Counties
    • Alabama Cities & Towns
    • Alabama Districts
  • Contact
    • General Contact
    • Opinion Articles
    • Corrections
  • About
Login Sign Up
  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2018 Alabama Legislative Regular Session
  5. 2018 Alabama House Bills
  6. HB 173

HB 173

Login Or Sign Up
In Committee
Contents hide
  • 1 Bill Summary
  • 2 Bill Text
  • 3 Bill Actions
  • 4 Bill Documents

Bill Summary

Sponsors
  • Danny Crawford
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
Description

To provide the authority to counties to abate rollback ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act

To provide the authority to counties to abate rollback ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act.

Subjects
Ad Valorem Tax

Bill Text

Note: Bills that change current law do not show the amended text correctly below. Please view Original PDF to see amended sections: HB 173 - Introduced - PDF

To provide the authority to counties to abate rollback ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act

To provide the authority to counties to abate rollback ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act.

Section 1

The following new section is added to the Code of Alabama, 1975 to read as follows: § 40-7-25.4 (a) The governing body of a county may, in its discretion, grant an abatement of all or a portion of the taxes otherwise due under Section 40-7-25.3 with respect to property located within the county. (b) The abatement provided by subsection (a) may only be granted if all of the following are satisfied: (1) The property will be used for a qualifying project as defined in Section 40-18-372 (1); (2) The qualifying project shall create at least the number of new jobs specified in Section 40-18-372 (2); (3) The property is an area within which not less than one hundred million dollars ($100,000,000) of capital expenditures in connection with the establishment, expansion, construction, equipping, development, or rehabilitation of such qualifying project is anticipated to be made based upon representations and information provided by the anticipated user or users of the qualifying project and such other information as the county shall have available to it and deems appropriate; and (4) If the property is located within a municipality, the abatement shall be consented to by resolution of the governing body of such municipality. (c) The abatement granted by a county pursuant to this section shall be embodied in an agreement between the county and the owner or user of the property. The agreement described in the preceding sentence shall be filed with the Department of Revenue within 90 days after the granting of the abatement, the contents of which the Department of Revenue shall use solely for its statistical and recordkeeping activities but shall otherwise keep confidential unless consented to in writing by the owner or user of the property.

Section 2

The provisions of this act are severable. If any part of this act is declared invalid or unconstitutional, the declaration shall not affect the part which remains.

Section 3

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.

Bill Actions

Action Date Chamber Action
January 11, 2018 H Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism

Bill Documents

Document Type Document Location
Bill Text http://alisondb.legislature.state.al.us/ALISON/SearchableInstruments/2018RS/PrintFiles/HB173-int.pdf

Trending

  • ReCAPTCHA Privacy Policy
  • ReCAPTCHA Terms
© 2020 Copyright: Bama Politics
Privacy Policy