Taxation and revenue; to exempt certain aircraft, machinery, and equipment from ad valorem taxation

HB 185 exempts certain general aviation aircraft and their installed machinery from Alabama's ad valorem (property) tax starting October 1, 2026. It applies specifically to aircraft used in civil aviation (not commercial, military, or drones) owned or leased by companies with their primary Alabama business location. The bill defines qualifying aircraft and requires the Department of Revenue to create implementation rules. This directly affects Alabama-based businesses operating qualifying aircraft by reducing their property tax burden.