Under existing law, ad valorem taxes are assessed on taxable property by class
This bill would reduce ad valorem tax assessment ratios on certain taxable property over a ten-year period beginning in the tax year 2020
To amend Section 40-8-1, Code of Alabama, 1975, relating to the assessment of property for ad valorem tax purposes; to eliminate state ad valorem taxes on certain taxable property over a ten-year period beginning in the tax year 2020.
|February 6, 2020||H||Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund|
|Bill Text||HB178 Alabama 2020 Session - Introduced|