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AL HB157
Bill
Status
1/11/2018
Primary Sponsor
Corley Ellis
Click for details
AI Summary
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Adds Section 40-3-27 to Chapter 3, Title 40 of the Code of Alabama 1975 regarding taxpayer appeals of commercial and industrial property valuations.
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Prohibits taxpayers from introducing evidence of comparable sales or leases in appeals to boards of equalization if the comparable property was vacant when sold.
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Prohibits taxpayers from introducing evidence of comparable sales or leases if the comparable property contains use or deed restrictions that prohibit its use for the purpose the building or structure was designed or constructed for.
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Applies only to appeals involving commercial and industrial property that was operating as such at the time of valuation.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Taxation, to provide that certain evidence of comparable sales or leases shall be inadmissible in taxpayer appeals for the rulings of boards of equalization fixing value of commercial property, Sec. 40-3-27 added
Equalization, Board of
Last Action
County and Municipal Government first Substitute Offered
2/22/2018