AL HB171

Amends Section 40-9-1 of the Code of Alabama to add a new exemption (29) for civil aircraft over 30 years old from ad valorem taxation.

Exemption applies to civil aircraft defined by Section 23-1-352 and operating under 14 CFR Part 91 that are owned by individuals age 65 or older (sole or joint ownership with spouse or child) or by sole proprietors/single member corporations whose principal owner is 65 or older.

Bill became effective on October 1, 2024.

Passed the House on February 22, 2024 with a vote of 100-0-1 (100 yeas, 0 nays, 1 abstention).