AL SB125

Defines "transient" as any person or company to whom one or more rooms, meeting rooms, lodgings, living quarters, or sleeping or housekeeping accommodations are rented or furnished.

Applies a privilege or license tax on businesses renting rooms or accommodations to transients in the Alabama mountain lakes area (16 specified counties) at a rate of 5 percent, or 4 percent in all other counties.

Exempts residential real estate agreements that create leaseholds in real property as covered under Chapter 9A of Title 35 from the transient occupancy tax.

Also exempts accommodations supplied for 180 or more continuous days, nonprofit camps and conference centers, and privately operated camps providing educational or recreational programs for children and students.

Becomes effective on the first day of the third month following passage and approval by the Governor.