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AL HB521
Bill
Status
4/21/2015
Primary Sponsor
Matt Fridy
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AI Summary
HB521 Summary
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Amends Section 40-9-21 of the Code of Alabama 1975 to expand eligibility for ad valorem tax exemptions on personal residences for seniors.
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Allows persons who will attain age 65 between October 1 and December 31 of a tax year to claim the exemption for that same tax year, prior to the beginning of the tax year.
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Maintains existing eligibility requirements: person must be 65 years or older (or permanently and totally disabled) with net annual taxable income of $12,000 or less.
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Exemption applies to principal residence and 160 acres of adjacent land owned and occupied as the primary residence during the tax year.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Ad valorem tax for owner of residence over 65 years old, exception from, determination of age, Sec. 40-9-21 am'd.
Ad Valorem Tax
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
4/21/2015