(a) The self-help business improvement district ordinance adopted by the municipality pursuant to Section 11-54B-46 shall provide that all costs of the supplemental services provided in a self-help business improvement district shall be financed through the levy by the municipality of a special assessment on the owners of the real property located within the geographical area of the district or, in the case of a district formed to increase tourism in the municipality, on businesses of the designated class within the geographical area of the district, and in either case shall designate the method set forth in the plan as the method used to determine the amount of the special assessment in a manner which fairly and equitably distributes the burden of financing the supplemental services among the nonexempt real property owners in the district. The ordinance shall list and describe, by lot and block numbers and by street addresses, all real properties or businesses against which the special assessment shall be made to fund the supplemental services. The ordinance shall also provide that property which is a single-family, owner-occupied residential property shall be exempt from the special assessment imposed by the district management corporation to finance the supplemental services provided in the business improvement district. Further, all property of utilities shall be deemed personal property exempt from the special assessment imposed by the district management corporation except for land and retail, storage, and office facilities owned by a utility within the business improvement district.
(b) The nonprofit corporation designated as a district management corporation under this article shall be exempt from the state corporate income tax, corporate franchise tax, and permit fee, and from state, county, and municipal sales, use, license, gross receipts, and ad valorem taxes.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54B - Self-Help Business Improvement Districts.
Article 2 - Self-Help Business Improvement Districts in Class 2 Municipalities.
Section 11-54B-40 - Legislative Findings.
Section 11-54B-41 - Definitions.
Section 11-54B-42 - Development and Maintenance of Self-Help Business Improvement Districts.
Section 11-54B-45 - Mailing of Proposed Ordinance and Notice of Hearing.
Section 11-54B-47 - Costs of Supplemental Services.
Section 11-54B-48 - Collection of Special Assessment.
Section 11-54B-49 - Amendment of the Self-Help Business Improvement District Ordinance.
Section 11-54B-50 - District Management Corporation Limits, Powers, and Duties.
Section 11-54B-51 - Annual Budget of the District Management Corporation.
Section 11-54B-52 - Retention of Municipal Police Powers.
Section 11-54B-53 - Eminent Domain Utilization.
Section 11-54B-54 - Furniture, Structure of Facility Not Deemed Nuisance.
Section 11-54B-55 - District Management Corporation Contracts.
Section 11-54B-56 - Operation in Other Designated Project Areas.