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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Section 40-18-412 (Per Section 40-18-416, this section is repealed following the close of fiscal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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-4-2.htm - 3K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-25.2.htm - 3K - Match Info - Similar pages
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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