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AL SB244
Bill
Status
2/26/2013
Primary Sponsor
Gerald Dial
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AI Summary
SB244 Summary
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Substantially repeals Act 2012-313 and restores homestead exemption provisions to their pre-2012 form, except retains the $12,000 income limitation for persons age 65 or over.
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Restores exemption from all local ad valorem taxes for permanently and totally disabled persons without income limits, and allows Department of Revenue to accept evidence other than tax returns for exemption eligibility.
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Makes exemption provisions retroactive to August 1, 2012, ensuring no person has higher local ad valorem tax liability as a result of Act 2012-313.
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Creates new Class B misdemeanor offense for knowingly and willfully giving false information to claim homestead exemption, with penalties including back taxes for up to 10 years plus 50 percent penalty and 15 percent annual interest.
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Becomes effective immediately upon passage and Governor approval.
Legislative Description
Ad valorem tax, homestead exemption from local taxes, disabled and person over 65, exemption restored for disabled without regard to income, exemption for persons 65 and over further provided for based on state taxable income, effect to substantially repeal Act 2012-313, 2012 Reg. Sess.; Sec. 40-9-21.2 added, Secs. 40-9-19, 40-9-21, 40-9-21.1am'd.
Tax
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
2/26/2013