Yellowhammer Times

The Alabama legislature concluded its regular session on May 9, passing several bills expected to influence small businesses across the state. Among these are measures aimed at addressing property taxes, taxation conformity, annual reporting, childcare support, asbestos litigation, and healthcare appointments.

Rep. Phillip Pettus from Killen introduced HB 73, which caps annual property tax appraisals at 7% for both residential and commercial properties over the next three years. “The Legislature will need to renew the cap after 2027,” according to the terms of the bill.

Rep. David Faulkner of Birmingham sponsored HB 187, extending the due date for Alabama electing pass-through entities for tax years starting January 1, 2024. This aligns the deadline with the annual state return, including any extensions.

HB 230, backed by Rep. Margie Wilcox (Mobile) and Rep. Kerry Underwood (Tuscumbia), repeals the requirement for an annual report filed with the Alabama Secretary of State. Accompanying the elimination of this government filing requirement is the removal of the associated $10 fee, effective October 1, 2024.

Rep. Anthony Daniels from Huntsville authored HB 358, aimed at providing tax credits to employers, providers, and non-profits. It introduces a special provision for small businesses employing fewer than 25 people and includes a reserve for rural areas.

The asbestos litigation process will see changes through SB 104 by Sen. Josh Carnley of Ino. This bill mandates that plaintiffs in asbestos cases, within 45 days of filing, provide an information form attested by the plaintiff. Defendants may be dismissed if not identified as required, with the law taking effect on October 1, 2024.

Finally, SB 128 by Sen. Tim Melson of Florence modifies the appointment process for the State Health Officer. The Governor will now appoint a State Health Officer from candidates proposed by the State Committee of Public Health. This change also dissolves the State Board of Health, transferring all functions to the State Committee on Public Health.