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40-18-412
Section 40-18-412 (Per Section 40-18-416, this section is repealed following
the close of fiscal year 2020) Approval of applications; agreements. (a) Following a review,
if the Department of Commerce should approve the application provided in Section 40-18-411(a),
it shall forward the application to the Renewal of Alabama Commission. (b) The Renewal of
Alabama Commission shall consider the application and shall approve it if it deems it worthy
of approval. As to improvements at industrial sites, the commission shall give preference
to sites with at least 1,000 acres of available space. As to applications for projects located
in communities which have the potential to provide additional funding separate from the Growing
Alabama Credits, the commission shall take into consideration whether such separate funding
is to be provided to the project which is the subject of the application. Meetings of the
commission are subject to Chapter 25A of Title 36. Notwithstanding the foregoing, the...
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40-18-7
Section 40-18-7 Gain or loss - Determination of amount. (a) Computation of gain or loss.
Except as hereinafter provided in this section, the gain from the sale or other disposition
of property shall be the excess of the amount realized therefrom over the adjusted basis provided
in subsection (b) of Section 40-18-6, and the loss shall be the excess of such basis
over the amount realized. (b) Amount realized. The amount realized from the sale or other
disposition of property shall be the sum of any money received plus the fair and reasonable
market value of the property, other than money, received. (c) Recognition of gain or loss.
In the case of a sale or exchange, the extent to which the gain or loss as determined under
this section shall be recognized for the purposes of this title, shall be determined
under the provisions of Section 40-18-8. (d) Installment sales. Nothing in this section
shall be construed to prevent, in the case of property sold under contract providing for payment...
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40-7-71
Section 40-7-71 Department to certify that county property appraised at fair market
value; basis for equalization of assessments; values subject to review; hearing of complaints;
appeals; compensation of members of county board of equalization. Where the property of a
county has been appraised at its fair and reasonable market value as required by this division
to the reasonable satisfaction of the Department of Revenue, this fact shall be certified
to the county board of equalization and to the tax assessor of such county, and such values
shall be the basis for the equalization of the assessments for ad valorem taxes in such county
for the next tax year. The fair and reasonable market values certified shall be prima facie
correct for assessments for such tax year, but shall be subject to review by the county board
of equalization which after a hearing of the complaint of a property owner shall fix the fair
and reasonable market value at the amount it deems to be proper. The county...
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41-9-802
Section 41-9-802 Headquarters; meetings; quorum; chairman, vice-chairman, secretary,
and treasurer; bonding of treasurer. The headquarters of the commission shall be located in
Bibb County. The commission shall hold an annual meeting and one-half of the voting members
shall constitute a quorum for the transaction of business. Additional meetings may be held
at such times as may be considered necessary, desirable or convenient, upon call of the chairman,
or in the case of his absence or incapacity, of the vice-chairman. The commission shall elect
a chairman, vice-chairman, secretary and treasurer, and such officers shall hold office for
a period of one year or until a successor is elected. Neither secretary nor treasurer need
be members of the commission. The commission may require that the treasurer be bonded in an
amount to be determined by the commission. (Acts 1985, 2nd Ex. Sess., No. 85-945, p. 285,
ยง3.)...
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34-27A-60
Section 34-27A-60 Unlawful influencing of appraisal. (a) It is unlawful for any employee,
director, officer, or agent of an appraisal management company to influence or attempt to
influence the development, reporting, or review of an appraisal through coercion, extortion,
collusion, compensation, instruction, inducement, intimidation, bribery, or in any other manner
including, but not limited to, any of the following: (1) Withholding or threatening to withhold
timely payment for an appraisal, unless the appraisal is found to be of substandard quality
or noncompliant with the scope of the assignment as defined in the engagement letter. (2)
Withholding or threatening to withhold payment for an appraisal if the loan transaction is
not completed. (3) Withholding or threatening to withhold future business of, or demoting
or terminating the services of, or threatening to demote or terminate the services of an appraiser.
(4) Promising future business, promotions, or increased compensation to...
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40-4-2
Section 40-4-2 Amount and payment of commissions. The tax assessor shall be entitled
to receive from the tax collector, out of the first money collected by him, giving duplicate
receipts therefor, one of which receipts shall be forwarded to the Comptroller by the tax
collector, the following commissions: In counties where the collections, not including taxes
on real estate bid in by the state at tax sales and taxes which would be due on property except
for the provisions of the law exempting homesteads from state taxes, do not exceed $12,000,
the rate shall be 10 percent on the first $5,000, five percent on the next $4,000 and four
percent on the remainder. The commission herein provided for is to be calculated on collections
for real property and personal property, except motor vehicles, for the general fund of the
state and county. In counties where collections, not including taxes on property bid in by
the state at tax sales and taxes which would be due on property except for the...
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40-7-25.2
Section 40-7-25.2 Current use value of Class III property - Qualification procedure;
appeal from denial of application; new owner required to reapply upon sale of property. (a)
Any owner of eligible taxable property described in Section 40-7-25.1 may apply to
have such property assessed for purposes of ad valorem taxation at the appropriate ratio of
assessed value to the current use value of such property by filing a written application,
in form as prescribed by the Department of Revenue, with the tax assessor of the county in
which such property is located, on and after October 1 but not later than January 1 in any
taxable year; provided, however, that with respect to assessments of eligible taxable property
respecting the taxable year that began on October 1, 1981, such applications may be filed
with the tax assessor not later than June 30, 1982. (b) The application form for qualification
of real property as agricultural property shall set forth a description of the real property,
a...
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40-9-1
Section 40-9-1 Persons and property generally. The following property and persons shall
be exempt from ad valorem taxation and none other: (1) All bonds of the United States and
this state and all county and municipal bonds issued by counties and municipalities in this
state, all property, real and personal, of the United States and this state and of county
and municipal corporations in this state; all cemeteries, all property, real and personal,
used exclusively for religious worship, for schools or for purposes purely charitable; provided,
that property, real or personal, owned by any educational, religious or charitable institution,
society or corporation let for rent or hire or for use for business purposes shall not be
exempt from taxation, notwithstanding that the income from such property shall be used exclusively
for education, religious or charitable purposes; all mortgages, together with the notes, debts
and credits secured thereby on real and personal property situated in...
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41-9-323
Section 41-9-323 Meetings generally; quorum; organization and procedure; seal; officers;
requirement of bond from treasurer. Ten members of the commission shall constitute a quorum
for the transaction of business. Additional meetings may be held at such times and places
within the state as may be necessary, desirable or convenient upon call of the chairman or,
in the case of his absence or incapacity, of the vice-chairman or on the call of any three
members of the commission. The commission shall determine and establish its own organization
and procedure in accordance with the provisions of this division, and shall have an official
seal. The commission shall elect its chairman, its vice-chairman, its secretary and its treasurer,
and such officers shall hold office for a period of one year or until a successor is elected.
Neither the secretary nor the treasurer need be members of the commission. The commission
may require that the treasurer thereof be bonded in an amount to be...
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41-9-342
Section 41-9-342 Meetings generally; quorum; organization and procedure; seal; officers;
requirement of bond from treasurer. The commission shall hold an annual meeting at the site
of the Battleship Memorial Park and one half of the members of the commission shall constitute
a quorum for the transaction of business. Additional meetings may be held at such times and
places within the State of Alabama as may be considered necessary, desirable or convenient
upon call of the chair or, in the case of his or her absence or incapacity, of the vice-chair
or on call of any three members of the commission. However, by two-thirds vote of the commission,
the meetings may be held outside the State of Alabama. The commission shall determine and
establish its own organization and procedure in accordance with the provisions of this article
and shall have an official seal. The commission shall elect its chair, vice-chair, secretary,
and treasurer. The officers shall hold office for a period of one year...
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