The Alabama Governor signed a law that increases the exemption threshold for tangible personal property from state ad valorem taxes, from $40,000 to $100,000 in market value. The law takes effect Oct. 1. [H.B. 543, enacted 05/14/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.