Alabama Governor Signs Law Proposing Constitutional Amendment Authorizing Property Tax Exemption for Seniors

The Alabama Governor April 30 signed a law proposing a constitutional amendment to authorize a qualified taxpayer 65 years or older to claim a senior property tax exemption for real property owned in Lauderdale County. The law proposes that the exemption can be claimed beginning Oct. 1, 2025, for the property’s value on Oct. 1, 2024. [H.B. 40, enacted 04/30/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.