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AL SB281

Bill

Official Source

Status

Introduced

2/28/2013

Primary Sponsor

Shadrack McGill

Click for details

Origin

Senate

Regular Session 2013

AI Summary

SB281 Summary

  • Department of Revenue shall recalculate composite factors used to determine assessed value of business personal property.

  • Recalculated composite factors must reach a value of zero in the year immediately following the last year showing a reduction in the composite factor.

  • All conflicting laws or provisions are repealed.

  • Act becomes effective on the first day of the third month following passage and gubernatorial approval, or upon otherwise becoming law.

Legislative Description

Business personal property, Revenue Department required to recalculate the composite factors for

Business and Commerce

Last Action

Indefinitely Postponed

5/7/2013

Committee Referrals

Fiscal Responsibility and Accountability2/28/2013

Full Bill Text

No bill text available