HB296 Summary

• Proposes a constitutional amendment to Amendment No. 373 (Section 217) of the Alabama Constitution to include motorcycles within the definition of private passenger automobiles for ad valorem tax purposes.

• Changes the tax assessment rate for motorcycles from the current 20 percent to 15 percent, matching the rate for private motor vehicles.

• Amends Class IV property classification to explicitly include "motorcycles owned and operated by an individual for personal or private use and not for hire, rent, or compensation."

• Requires voter approval through a statewide election held in accordance with Alabama Constitution Sections 284 and 285 and state election laws.

• The ballot description will inform voters that the amendment relates to classifying motorcycles as private passenger automobiles and taxing them at a lower rate.