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AL SB182

Bill

Status

Passed

3/13/2018

Primary Sponsor

Phillip Williams

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Origin

Senate

Regular Session 2018

AI Summary

  • 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.

  • Prohibits taxpayers from introducing evidence of comparable sales or leases in appeals to boards of equalization if the comparable property was vacant when sold or contains use or deed restrictions limiting its intended use.

  • Applies to appeals involving commercial and industrial property that was operating as such at the time of valuation.

  • Becomes effective immediately upon passage and approval by the Governor.

Legislative Description

Ad valorem tax, evidence of comparable sales or leases inadmissible in taxpayer appeals from rulings of boards of equalization fixing value of commercial property, Sec. 40-3-27 added

Equalization, Board of

Last Action

Assigned Act No. 2018-265.

3/13/2018

Committee Referrals

County and Municipal Government2/22/2018
Fiscal Responsibility and Economic Development1/16/2018

Full Bill Text

No bill text available