HB137 Summary

• Amends Section 40-9-12 of the Code of Alabama 1975 to add the Alabama State Missionary Baptist Convention, Incorporated to the list of entities exempt from state and local taxation.

• Exempts each local Baptist association that is a member in good standing of the convention from ad valorem and sales and use taxes.

• Extends the tax exemption to all real and personal property owned by the state convention and its member local associations.

• Requires the Alabama State Missionary Baptist Convention, Incorporated to submit to the Department of Revenue a list of each local Baptist association in good standing before a date established by departmental rule.

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