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AL HB468

Bill

Official Source

Status

Introduced

2/12/2014

Primary Sponsor

Paul DeMarco

Click for details

Origin

House of Representatives

Regular Session 2014

AI Summary

  • Exempts the Samford University Foundation, Inc., from paying or collecting any state, county, and municipal sales and use taxes
  • Currently, state sales and use taxes range from 1.5 percent to 4 percent of gross proceeds on tangible personal property, with additional county and municipal taxes imposed
  • Becomes effective on the first day of the third month following passage and approval by the Governor, or upon otherwise becoming law

Legislative Description

Samford University Foundation, Inc., exempt from sales and use taxes

Taxation

Last Action

Read for the first time and referred to the House of Representatives committee on Ways and Means Education

2/12/2014

Committee Referrals

Ways and Means Education2/12/2014

Full Bill Text

No bill text available