Loading chat...
AL HB181
Bill
Status
Introduced
2/9/2017
Primary Sponsor
Nathaniel Ledbetter
Click for details
AI Summary
- Exempts small business owners from state property tax on tangible business personal property valued at $20,000 or less
- Defines a small business owner as a business organization with headquarters or principal place of business in Alabama and 75 or fewer employees during the tax year prior to filing a business personal property tax return
- Requires the business to be duly formed, organized, or qualified to do business in the state
- Becomes effective on the first day of the third month following passage and approval by the Governor
Legislative Description
Taxation, exempt small business owners having personal business property of less than $20,000 from tax
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
2/9/2017
Committee Referrals
Ways and Means General Fund2/9/2017
Full Bill Text
No bill text available