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| URL: | http://alisondb.legislature.state.al.us/alison/searchableins truments/2020RS/bills/HB374.htm |
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| Modified: | 2020-03-03 16:47:53 |
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| Title: | HB374 |
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| Body: | 205689-1:n:02/26/2020:HB/tj LSA2020-809 HB374 By Representatives Faulkner and Garrett RFD Ways and Means Education Rd 1 03-MAR-20 SYNOPSIS: Under existing law, the state imposes sales and use taxes upon certain persons, firms, or corporations. The amount of the taxes range from one and one-half to four percent of the gross proceeds of the sale or consumption of various types of tangible personal property. The state also imposes a sales tax on the operation of places of amusement or entertainment. Counties and municipalities impose various additional sales and use taxes. Certain entities are exempted from state, county, or local sales and use taxes. This bill would exempt the Community Foundation of Greater Birmingham from any state, county, and municipal sales and use taxes. A BILL TO BE ENTITLED AN ACT Relating to taxation; to exempt The Community Foundation of Greater Birmingham from paying state, county, and municipal sales and use taxes. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) The Community Foundation of Greater Birmingham is exempted from paying any state, county, and municipal sales and use taxes. (b) The Community Foundation of Greater Birmingham shall file an annual informational report in a manner as prescribed by the Department of Revenue. The information on such reports shall be consistent with the information required by the Department of Revenue pursuant to Section 40-9-61, Code of Alabama 1975, and rules adopted thereunder. Information provided pursuant to this section is exempted from the confidentiality provisions of Section 40-2A-10, Code of Alabama 1975, and shall be provided by the Department of Revenue to the Legislative Services Agency, Fiscal Division on an annual basis. (c) The sales and use tax exemption authorized under this section shall be effective January 1, 2021, for the 2021 tax year and shall continue through the 2025 tax year, unless extended by an act of the Legislature. Section 2. This act shall become effective on the first day of the third month following its passage and approval by the Governor, or its otherwise becoming law. Taxation Community Foundation of Greater Birmingham Exemptions Sales and Use Tax |