SB154 Summary

• Amends the Toll Road, Bridge and Tunnel Authority Act to expand tax exemptions for toll road, bridge, and tunnel projects in Alabama.

• Extends tax exemptions to include concessionaires and their contractors, subcontractors, and agents for income, excise, license taxes, and ad valorem taxes on toll projects.

• Exempts tangible personal property used in toll projects from sales and use taxes; requires Department of Revenue to issue exemption certificates for building and construction materials.

• Excludes certain taxes from exemptions including fuel taxes (Division 1 of Article 5 of Chapter 17 of Title 8), motor vehicle taxes (Chapter 17 of Title 40), and the Rebuild Alabama Act.

• Clarifies that state income taxes on concessionaires and their contractors are not exempted, and authorizes the Department of Revenue to adopt rules for administering and enforcing the tax exemptions.