AL SB74

Increases the income limit for ad valorem tax exemption on principal residences for totally disabled persons and those 65 years of age or older from $7,500 to $15,000.

Exemption applies to principal residence and 160 adjacent acres for qualifying individuals with net annual taxable income of $15,000 or less.

Exemption eligibility determined by United States income tax return, or by affidavit if no tax return is required.

Proof of age must be provided; proof of total disability requires written certification by any two physicians licensed in Alabama.

Becomes operative for all tax years beginning on or after October 1, 2011.