Alabama HB397 increases the income cap for homestead exemption and extends it to unremarried widows or widowers of certain individuals.

Alabama HB397 amends the state's tax code to increase the income cap for homestead exemption from $12,000 to $16,000. It also extends the exemption to the unremarried widow or widower of certain individuals, provided they meet specific criteria. The exemption applies to the homestead claimed by the decedent at the time of their death, if the unremarried widow or widower's name is on the deed and their annual adjusted gross income does not exceed $150,000.

Alabama HB397 increases the income cap for homestead exemption and extends it to unremarried widows or widowers of certain individuals.

Alabama HB397 amends the state's tax code to increase the income cap for homestead exemption from $12,000 to $16,000. It also extends the exemption to the unremarried widow or widower of certain individuals, provided they meet specific criteria. The exemption applies to the homestead claimed by the decedent at the time of their death, if the unremarried widow or widower's name is on the deed and their annual adjusted gross income does not exceed $150,000.