SB220 Passed! – What it Means
Alabama Senate Bill 220 passed the House and Senate on June 4th, 2015 and became law when Gov. Robert Bentley signed it on June 12th, 2015. Sounds great! Right??? Here’s what it means. What is SB220? Quite simply SB220 allows any improvement district (think downtown redevelopment authority) and municipalities (think counties and cities) to create a property assessed …