Alabama § 40-9E-2 - Abatement of State Property Taxes.
Full text of Alabama Code of Alabama § 40-9E-2 — Abatement of State Property Taxes., with citation guidance and answers to common questions.
§ 40-9E-2. Abatement of State Property Taxes.
(a) Notwithstanding any other law of this state, qualified property shall be entitled to an abatement of state property taxes provided the conditions of this section are satisfied.
(b) In lieu of paying the state property tax increment on qualified property, any owner of qualified property not exempt from ad valorem taxation must pay the state property tax increment on such qualified property to the public entity that created the tax increment district in which the qualified property is located for each year commencing on the October 1 following the date when property first becomes qualified property under this chapter, and each October 1 thereafter, until the tax increment district in which such qualified property is located is terminated in accordance with Section 11-99-7.
(c) State property tax increments received by the public entity which created the tax increment district in which the qualified property is located shall be used for both of the following:
(1) To pay for project costs.
(2) To repay tax increment obligations issued to fund project costs.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-9E-2
What does Code of Alabama § 40-9E-2 cover?
Section 40-9E-2 ("Abatement of State Property Taxes.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 40-9E-2?
A common citation format is "Code of Alabama § 40-9E-2" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 40-9E-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.