HB474 Summary

• Amends Section 40-9-12 of the Code of Alabama 1975 to provide definitions and qualifications for United Way organizations and other united appeal funds that are exempt from state, county, and municipal taxes, licenses, and fees.

• Defines "United Appeal Fund" as a nonprofit entity that must be an Alabama nonprofit corporation or similar legal entity, have tax-deductible donations under Internal Revenue Code Section 170(c), have the principal purpose of raising funds for supported charities, and hold a Certificate of Exemption from Alabama sales, use, and lodgings tax.

• Establishes that supported charities must be separately identified by name in the united appeal fund's governing documents and must agree to be members of the united appeal fund that provides them funding.

• Requires each United Way organization to annually submit to the Department of Revenue a list of its constituent United Way member agencies, with the Department of Revenue to establish the submission deadline by rule.

• Takes effect on the first day of the third month following passage and approval by the Governor.