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AL HB525
Bill
Status
2/25/2014
Primary Sponsor
Mac Buttram
Click for details
AI Summary
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Amends Section 40-9-25.19 of the Code of Alabama 1975 to add the Wallace State Community College in Hanceville Future Foundation to existing tax exemptions previously granted to the Lurleen B. Wallace Community College Foundation and the Calhoun Community College Foundation.
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Exempts all property owned by the Wallace State Community College in Hanceville Future Foundation from state, county, and local ad valorem taxes when used for charitable purposes.
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Exempts all purchases made by the Wallace State Community College in Hanceville Future Foundation from state, county, and local sales and use taxes when used for charitable purposes.
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Becomes effective on the first day of the third month following passage and approval by the Governor, or upon otherwise becoming law.
Legislative Description
Taxation, Wallace State Community College in Hanceville Future Foundation, exempt from state, county, and local ad valorem taxes, Act 2013-170, 2013 Reg. Sess., am'd.; Sec. 40-9-25.19 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
2/25/2014