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11-54B-10
Section 11-54B-10 Amendment of self-help business improvement district ordinance. (a) Except
as provided in subsection (b), the governing body of the municipality may amend a self-help
business improvement district ordinance upon the written request of the district management
corporation or a representative group of the owners of the real property located within the
geographical area of the district. Such request must specify the desired amendment, which
should be made by the governing body of the municipality to the self-help business improvement
district ordinance. If such request is made by a representative group of owners of the real
property located within the geographical area of the district, such request must also include
the signatures of the owners of real property which comprises at least two-thirds of the total
fair market value of all real property located in the district, determined pursuant to the
provisions of subsection (a) of Section 11-54B-5. (b) The governing body...
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11-81-119
Section 11-81-119 Settlement, adjustment or refunding of bonds. The governing body of any municipality
shall have the power to settle, adjust and refund any bonds of such city heretofore or hereafter
issued to provide the cost of street, sidewalk or sewer improvements whereof the cost in whole
or in part was assessed against the property abutting said improvements, whether such bonds
have already become due and payable or are about to become due and payable or are callable
according to their terms, and the said governing body deems it to the best interest of the
city to call said bonds and raise funds for the payment thereof by the sale of bonds as authorized
in this division; provided, however, that all sums derived from the payment of assessments
and being in the hands of the city at the time of such refunding shall be first applied to
the payment of the outstanding bonds, and refunding bonds shall be issued only in such amount
as shall be necessary to raise the difference between...
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45-41-141
Section 45-41-141 Definitions. (a) The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) AMENDMENT 392. That certain
amendment to the Constitution of Alabama of 1901, as amended, proposed by Act 80-313 enacted
at the 1980 Regular Session of the Legislature. (2) AUTHORIZING AMENDMENT. That certain amendment
to the Constitution of Alabama of 1901, as amended, proposed by Act 88-479 enacted at the
1988 Regular Session of the Legislature. (3) CODE. The Code of Alabama 1975, as amended. (4)
COMMERCIAL BUILDING. Any building, structure, or other improvement to real property, excluding,
however, any dwelling that: a. Is subject to ad valorem taxation and has a fair market value,
according to the records of the tax assessor pertaining to state and county ad valorem taxation
for the fiscal or ad valorem tax year of the...
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40-18-6
obsolescence, amortization, and depletion, to the extent allowed, but not less than the amount
allowable under this chapter. (3) In the case of stock, to the extent not provided for in
the foregoing paragraphs, for the amount of distributions previously made which, under the
law applicable to the year in which the distribution was made, either were tax-free or were
applicable in reduction of basis. (4) Basis of property of individuals establishing Alabama
domicile. Property, both real and personal, owned on the date Alabama domicile is established
shall have the same basis for Alabama income tax purposes as its basis for federal income
tax purposes as of that date. (5) Allocation of basis. The basis of property acquired in an
applicable asset acquisition (as defined in 26 U.S.C. §1060) shall be determined in accordance
with 26 U.S.C. §1060. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §378; Acts 1985, No.
85-515, §6; Acts 1985, 2nd Ex. Sess., No. 85-940, p. 252, §4; Acts 1990,...
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40-29-34
Section 40-29-34 Authority to release levy and return property. (a) Release of levy. It shall
be lawful for the commissioner or his delegate to release the levy, and any liens, upon all
or part of the property or rights to property levied upon, where the commissioner or his delegate,
within their discretion, determines that such action will facilitate the collection of the
liability or for other good reason that the levy should be released, but such release shall
not operate to prevent any subsequent levy. (b) Return of property. If the commissioner determines
that property has been wrongfully levied upon, it shall be lawful for the commissioner to
return: (1) The specific property levied upon; (2) An amount of money equal to the amount
of money levied upon; or (3) An amount of money equal to the fair market value of the property
levied upon and the reasonable cost of a judicial determination of the existence of a wrongful
levy. (c) Interest. Interest shall be allowed and paid at an...
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40-7-25.1
Section 40-7-25.1 Current use value of Class III property - Definition; appraisal of property
at request of owner; legislative intent; applicability of section; method of valuation; factors
considered in appraisal; rules and regulations of Department of Revenue; hearing objections.
(a) For ad valorem tax years beginning on and after October 1, 1978, with respect to taxable
property defined in Section 40-8-1, as amended, as Class III property and upon request by
the owner of such property as hereinafter provided, the assessor shall base his appraisal
of the value of such property on its current use on October 1 in any taxable year and not
on its fair and reasonable market value. Failure of an owner of Class III property to request
appraisal at current use value shall mean that the property shall be valued on its fair and
reasonable market value as otherwise provided in this title until such time as the owner thereof
shall request valuation on the basis of current use value. As used in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-25.1.htm - 24K - Match Info - Similar pages
40-9A-4
Section 40-9A-4 Department of Revenue to compile information and submit to Legislature report.
The Department of Revenue shall, not later than May 1, 1993, compile the information submitted
pursuant to Section 40-9A-3 and provide to the Legislature the following information: (a)
A complete listing of all real and personal property located in the state which is
subject to a lease with a public authority, county, or municipality of the State of Alabama.
(b) A complete listing of the estimated fair and reasonable market value of such real and
personal property. (c) The estimated tax revenue produced by such real and personal
property if taxed at the rates applicable to taxable property located in the respective jurisdictions.
(d) A copy of all lists, if any, received by the department from tax assessors pursuant to
subsection (f) of Section 40-9A-3. The completeness of the information required to be provided
by the department pursuant to subsections (a) through (c) of this section shall...
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11-54B-44
Section 11-54B-44 Requirements of a request for the creation of a self-help business improvement
district. A request for the creation of a self-help business improvement district shall contain
all of the following: (1) The signatures of a representative group of the owners of the nonexempt
real property located within the geographical area of the proposed district. The group shall
include the signatures of the owners of the nonexempt real property comprising at least 60
percent of the total fair market value of all nonexempt real property located in the proposed
district and the signature of an owner of at least 50 percent of the parcels of property located
within the proposed district. The county property tax assessment records shall determine ownership
of real property and the fair market value. When record title to real property is vested in
a public corporation or authority under a bond financing plan provided for by statute, the
beneficial user of the real property in which title...
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11-81-241
Section 11-81-241 Definitions. For the purposes of this article, the following words shall
have the following meanings: (1) COSTS OF A QUALIFIED PROJECT. All costs including, but not
limited to, the following: a. All costs of acquisition, by purchase or otherwise, construction,
assembly, installation, modification, renovation, or rehabilitation incurred in connection
with any qualified project or any part of any qualified project. b. All costs of real property,
fixtures, or personal property used in or in connection with or necessary for any qualified
project or for any facilities related thereto, including, but not limited to, the following:
1. The cost of all land, estates for years, easements, rights, improvements, water rights,
connections for utility services, fees, franchises, permits, approvals, licenses, and certificates.
2. The cost of securing any franchises, permits, approvals, licenses, or certificates. 3.
The cost of preparation of any application therefor and the cost of...
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11-89A-2
of Section 11-89A-3, that authorizes the incorporation of an authority. (4) BOARD. The board
of directors of an authority. (5) BONDS. Bonds, notes, or other obligations representing an
obligation to pay money. (6) COSTS. As applied to a facility or any portion thereof, such
term shall include all or any part of the cost of construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
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