SB 182

Session
Regular Session 2018
Title
Ad valorem tax, evidence of comparable sales or leases inadmissible in taxpayer appeals from rulings of boards of equalization fixing value of commercial property, Sec. 40-3-27 added
Description

Under existing law certain evidence of comparable sales or leases are admissible in taxpayer appeals for the rulings of boards of equalization fixing value of commercial property

This bill would provide that certain evidence of comparable sales or leases are inadmissible in taxpayer appeals for the rulings of boards of equalization fixing value of commercial and industrial property

Relating to taxpayer appeals of the taxable value of commercial property as fixed by boards of equalization; to add Section 40-3-27 to Chapter 3, Title 40 of the Code of Alabama 1975, to provide that certain evidence of comparable sales or leases are inadmissible in taxpayer appeals from the rulings of boards of equalization fixing value of commercial and industrial property.

Subjects
Equalization, Board of
View Original PDF: SB 182 - Introduced - PDF

Under existing law certain evidence of comparable sales or leases are admissible in taxpayer appeals for the rulings of boards of equalization fixing value of commercial property

This bill would provide that certain evidence of comparable sales or leases are inadmissible in taxpayer appeals for the rulings of boards of equalization fixing value of commercial and industrial property

Relating to taxpayer appeals of the taxable value of commercial property as fixed by boards of equalization; to add Section 40-3-27 to Chapter 3, Title 40 of the Code of Alabama 1975, to provide that certain evidence of comparable sales or leases are inadmissible in taxpayer appeals from the rulings of boards of equalization fixing value of commercial and industrial property.

Section 1

Section 40-3-27 is added to Chapter 3, Title 40 of the Code of Alabama 1975, to read as follows: §40-3-27. For appeals of commercial and industrial property operating as such at the time of valuation, it shall be inadmissible for a taxpayer to introduce evidence in support of an appraisal or opinion using a comparable sale or lease of property that either was vacant when sold or contains use or deed restrictions that prohibit the property, on which a building or structure sits, from being used for the purpose for which the building or structure was designed, constructed, altered, renovated, or modified.

Section 2

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

No articles found.
Action Date Chamber Action
March 13, 2018SAssigned Act No. 2018-265.
March 13, 2018HSignature Requested
March 13, 2018SEnrolled
March 8, 2018SPassed Second House
March 8, 2018HMotion to Read a Third Time and Pass adopted Roll Call 685
March 8, 2018HThird Reading Passed
March 1, 2018HRead for the second time and placed on the calendar
February 22, 2018HRead for the first time and referred to the House of Representatives committee on County and Municipal Government
February 22, 2018SEngrossed
February 22, 2018SMotion to Read a Third Time and Pass adopted Roll Call 491
February 22, 2018SWilliams motion to Adopt adopted Roll Call 490
February 22, 2018SFiscal Responsibility and Economic Development first Substitute Offered
February 22, 2018SThird Reading Passed
February 15, 2018SRead for the second time and placed on the calendar with 1 substitute and
January 16, 2018SRead for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
2018-03-08
Chamber: House
Result: Passed
2018-02-22
Chamber: Senate
Result: Passed
2018-02-22
Chamber: Senate
Result: Passed