HB460 Summary

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

• Exempts Amazon Hope, Incorporated and all of its real and personal property from ad valorem taxes, sales taxes, and use taxes.

• Extends the same tax exemption privileges to Amazon Hope, Incorporated that currently apply to other nonprofit organizations, charitable institutions, and civic associations listed in the statute.

• Takes effect on the first day of the third month following passage and approval by the Governor, or upon otherwise becoming law.