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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
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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40-2-16
Section 40-2-16 Equalization of valuation generally. It shall be the duty of the Department
of Revenue to examine such of the tax records of the several counties as will enable it to
ascertain whether the tax valuation of the various classes of property as made in the respective
counties of the state, is reasonably uniform as between the respective counties and is in
proportion to the fair and reasonable market value of the property assessed. The purpose and
intent of this title is to bring about as far as practicable an equalization throughout the
state of the value of the various classes of property subject to taxation, so that the proportion
of the fair and reasonable market value of the property as fixed for assessment in one county
shall be in due proportion to the fair and reasonable market value of the same classes of
property in other counties, fixed on the same basis for assessment, and that such classes
of property in every county shall bear their proportion of the tax...
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35-6A-2
Section 35-6A-2 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings: (1) ASCENDANT. An individual who precedes another individual in lineage,
in the direct line of ascent from the other individual. (2) COLLATERAL. An individual who
could inherit from, or whose estate could descend to, the related individual under the law
of intestate succession of Alabama but who is not the other individual's ascendant or descendant.
(3) DESCENDANT. An individual who follows another individual in lineage, in the direct line
of descent from the other individual. (4) DETERMINATION OF VALUE. A court order determining
the fair market value of heirs property under Section 35-6A-6 or Section 35-6A-10 or adopting
the valuation of the property agreed to by all cotenants. (5) HEIRS PROPERTY. Real property
held in tenancy in common which satisfies all of the following requirements as of the filing
of a partition action: (A) There is no agreement in a record...
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11-70-5
Section 11-70-5 Notice of hearing. (a) Not less than 30 days before the date on which the hearing
on the quiet title and foreclosure petition is scheduled, the municipality shall do both of
the following: (1) Send a notice of the hearing to the interested parties identified under
subsection (b) of Section 11-70-2 for each parcel named in the petition by both certified
mail, return receipt requested, and regular mail. (2) Post conspicuously on each property
named in the petition notice of the hearing, which includes the following statement: "THIS
PROPERTY HAS BEEN TRANSFERRED TO [NAME OF MUNICIPALITY] AND IS SUBJECT TO AN EXPEDITED QUIET
TITLE AND FORECLOSURE ACTION. PERSONS WITH INFORMATION REGARDING THE PRIOR OWNER OF THE PROPERTY
ARE REQUESTED TO CONTACT [NAME OF MUNICIPALITY]." (b) Notices provided to the interested
parties under this section shall include all of the following: (1) The date on which the municipality
recorded in probate court its notice of the pending expedited quiet...
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11-70-7
Section 11-70-7 Proof of notice; objections. Prior to the circuit court hearing on the expedited
quiet title and foreclosure action, the municipality shall file with the clerk of the circuit
court proof of notice to the interested parties by certified and regular mail and of the posting
on the property under subdivision (2) of Subsection (a) of Section 11-70-5, along with proof
of notice by publication under Section 11-70-6, if applicable. An interested party who desires
to contest the petition shall file written objections with the clerk of the circuit court
and serve those objections on the municipality at least two weeks prior to the date of the
hearing. If the court denies the petition, the denial shall not preclude the municipality
from filing another petition for expedited quiet title and foreclosure on that parcel. No
injunction shall issue to stay an expedited quiet title and foreclosure action under this
chapter. (Act 2010-396, p. 644, §7.)...
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11-70A-5
Section 11-70A-5 Notice of hearing. (a) Not less than 30 days before the date on which the
hearing on the quiet title and foreclosure petition is scheduled, the municipality shall do
both of the following: (1) Send a notice of the hearing to the interested parties identified
under subsection (b) of Section 11-70A-2 for each parcel named in the petition by both certified
mail, return receipt requested, and regular mail. (2) Post conspicuously on each property
named in the petition notice of the hearing which includes the following statement: "THIS
PROPERTY HAS BEEN TRANSFERRED TO [NAME OF MUNICIPALITY] AND IS SUBJECT TO AN EXPEDITED QUIET
TITLE AND FORECLOSURE ACTION. PERSONS WITH INFORMATION REGARDING THE PRIOR OWNER OF THE PROPERTY
ARE REQUESTED TO CONTACT [THE MUNICIPALITY]." (b) Notices provided to the interested
parties under this section shall include all of the following: (1) The date on which the municipality
recorded in probate court its notice of the pending expedited quiet...
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11-70A-7
Section 11-70A-7 Proof of notice; objections. Prior to the circuit court hearing on the expedited
quiet title and foreclosure action, the municipality shall file with the clerk of the circuit
court proof of notice to the interested parties by certified and regular mail and of the posting
on the property under subdivision (2) of subsection (a) of Section 11-70A-5, along with proof
of notice by publication under Section 11-70A-6, if applicable. An interested party who desires
to contest the petition shall file written objections with the clerk of the circuit court
and serve those objections on the municipality at least two weeks prior to the date of the
hearing. If the court denies the petition, the denial shall not preclude the municipality
from filing another petition for expedited quiet title and foreclosure on that parcel. No
injunction shall issue to stay an expedited quiet title and foreclosure action under this
section. (Act 2012-517, p. 1533, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-70A-7.htm - 1K - Match Info - Similar pages
18-1A-196
Section 18-1A-196 Basis for opinion as to value. As a basis for an opinion as to value, a valuation
witness qualified under subsection (a) of Section 18-1A-192 may consider, inter alia: (1)
The price and other circumstances of any good faith sale of all or part of the property sought
to be taken, whether the sale was entered into before or after the valuation date. (2) The
price and other terms and circumstances of any good faith sale of comparable property. A sale
is comparable within the meaning of this section only if it was made within a reasonable time
before or after the valuation date and the property is sufficiently similar in the relevant
market, with respect to situation, location, size, usability, improvements, and other characteristics,
to warrant a reasonable belief that it is comparable to the property being valued. Any proposed
comparable sale that fails to meet the foregoing standards shall not be admissible. (3) The
terms and circumstances of any lease made in good...
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