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AL SB212
Bill
Status
2/11/2016
Primary Sponsor
Clay Scofield
Click for details
AI Summary
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Provides a 10-year property tax exemption for qualifying high-speed broadband telecommunications network facilities constructed after January 1, 2016.
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Exemption applies to broadband facilities capable of transmitting signals at speeds of at least 10 megabits per second download and 1 megabit per second upload.
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Defines "broadband telecommunications network facility" to include electronics, equipment, transmission facilities, fiber optic or copper cable, and related property used to transmit broadband signals.
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Exemption period begins from the date the facility is placed into service and lasts for 10 consecutive tax years.
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Effective immediately upon passage and approval by the Governor.
Legislative Description
Broadband telecommunications network facility, exempt from taxation for 10 years on facility built after January 1, 2016, Secs. 40-21-6, 40-21-9, 40-21-17, 40-21-18, 40-21-20, 40-21-21 am'd.
Tax Exemptions
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
2/11/2016