Bill > HB185

This bill exempts certain aircraft, machinery, and equipment from ad valorem taxation, which is a tax based on the assessed value of property, starting October 1, 2026. Specifically, it applies to "general aviation aircraft," defined as aircraft used for civil aviation that are not commercial, military, or drones, and are owned or leased by a company whose main business is in Alabama. Any machinery or equipment intended to be installed on these general aviation aircraft will also be exempt. The Department of Revenue is tasked with creating rules to manage and implement this exemption.

Budget and Finance

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