Skip to content

Property Tax Relief Winds Through the Legislature

Property Tax Relief Winds Through the Legislature

March 5, 2024 Last Edit: July 25, 2024

If passed, the measure would ease the financial burden on Alabama's small businesses.

House Bill 73, sponsored by Rep. Phillip Pettus of Killen would cap annual real property appraisals for Class II property (business and commercial) and Class III property (agriculture, forest, residential, and designated historic property). Under the measure, Class II property would be limited to not more than a 5% increase in the assessed value of the property from the previous year’s assessed value. Class III property would be limited to not more than a 3% increase in the assessed value of the property from the previous year’s assessed value.

A public hearing was held on HB 73 in the House Ways and Means General Fund Committee this week. NFIB State Director Rosemary Elebash, along with the Alabama Forestry Association, ALFA, and Alabama Association of Realtors testified supporting the bill. The Alabama County Commission Association, Alabama League of Municipalities, Opelika City Schools, and the Lee County Superintendent spoke in opposition to the bill.

The Ways and Means General Fund Committee is expected to vote on the bill soon.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

June 30, 2025
What Happened in Phoenix for Arizona Small Business Owners Duri…
A look at the small business victories achieved during the 2025 Arizona Leg…
Read More
In Front of the Massachusetts State House in Boston
June 30, 2025
NFIB Slams MA Legislature for Slipping New “Secure Choice…
“Again, lawmakers’ policy choices and pro-small-business rhetoric are in…
Read More
June 30, 2025
WATCH: What Happened During the 2025 Texas Legislative Session
NFIB State Director Jeff Burdett discusses what small business owners need…
Read More
June 30, 2025
Get Tips on Website ADA Compliance on the Small Business Rundow…
The Small Business Rundown talks website ADA compliance, the Small Business…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility