HB 485 Summary

• Amends Section 40-9-12 of the Code of Alabama 1975 to add the Rosetta James Foundation to the list of entities exempt from state ad valorem taxes.

• Designates the Rosetta James Foundation as a registered 509(a)(2) public charity eligible for exemption from all state, county, and municipal taxes, licenses, fees, and charges.

• Exemption applies to all real and personal property of the Rosetta James Foundation when used in conducting the foundation's programs, work, principles, objectives, and policies in any Alabama city or county.

• Becomes effective immediately upon passage and approval by the Governor, or upon otherwise becoming law.