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AL SB182
Bill
Status
3/13/2018
Primary Sponsor
Phillip Williams
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 or contains use or deed restrictions limiting its intended use.
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Applies 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
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