HB80 Alabama 2023 Session
Bill Summary
Under existing law, the Alabama Real Property Investment Credit allows insurers a credit against the insurance premium tax based on the value of real property investments in the State of Alabama
This bill would require real property investments to be occupied or otherwise in commercial use for a majority of the taxable year to qualify for the Alabama Real Property Investment Credit
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style
Relating to the Insurance Premium Tax; to amend Section 27-4A-3, Code of Alabama 1975, to provide further for real property investments to qualify for the Alabama Real Property Investment Credit; and to make nonsubstantive, technical revisions to update the existing code language to current style.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 7, 2023 | H | Read First Time in House of Origin |
| March 7, 2023 | H | Introduced and Referred to House Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB80 Alabama 2023 Session - Introduced |