SB300 Alabama 2025 Session

Summary

Primary Sponsor

David SessionsSenator

Republican

Session

2025 Regular Session

Title

To amend 40-9-1; increasing the market value threshold amount for which tangible personal property is exempt from state ad valorem taxation

Summary

SB300 would raise the value threshold for the state exemption on tangible personal property from ad valorem taxes and tidy up the code language.

What This Bill Does

Increases the market value threshold for the exemption of tangible personal property from the state ad valorem tax, potentially up to $100,000 in market value. Includes nonsubstantive, technical revisions to update the code language to current style. Allows counties and municipalities to adopt the same exemption for local ad valorem taxes by ordinance. Sets an effective date of October 1, 2025.

Who It Affects

• Businesses that own tangible personal property; if their property is at or below the new threshold, it would be exempt from state ad valorem tax.
• Counties and municipalities that choose to adopt the local-exemption by ordinance.

Key Provisions

• Amends Section 40-9-1 to increase the market value threshold for tangible personal property exempt from the state ad valorem tax (up to the new threshold).
• Includes nonsubstantive, technical revisions to update code language to current style.
• Authorizes local governments (counties and municipalities) to adopt the same exemption for local ad valorem taxes by ordinance.
• Establishes effective date of October 1, 2025.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation & Revenue