AL HB539

Amends Section 40-9-12 of the Alabama Code to add the Alabama State Missionary Baptist Convention, Incorporated and qualifying local Baptist associations to the list of tax-exempt entities.

Exempts the Alabama State Missionary Baptist Convention and each local Baptist association that is a member in good standing from ad valorem taxes, sales and use taxes, and other state and local taxes.

Exempts all real and personal property of the convention and each association, as well as property of All Collaborated To Serve The Community Development Corporation, from taxation.

Requires the Alabama State Missionary Baptist Convention to submit a list of each local Baptist association in good standing to the Department of Revenue on a schedule established by department rule.

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