Bill > HB405

This bill further expands the powers of municipal housing authorities in Alabama and exempts them from various taxes. Key provisions include: - Defining and clarifying terms related to municipal housing authorities, such as "housing project," "community facilities," and "mixed-use project." - Granting authorities additional powers, such as the ability to participate in and support lawful business organizations, create subsidiaries or affiliates, and enter into various contractual arrangements for the development and operation of housing projects and community facilities. - Exempting authorities, their property and income, bonds, and related transactions from all state taxes, and allowing for exemptions from local taxes if approved by the local governing body. - Exempting authorities from all fees, taxes, or other costs imposed by a judge of probate. The bill aims to further empower municipal housing authorities in Alabama to carry out their mission of providing affordable housing and community facilities.