HB196 Summary

• Amends Section 40-9-12 of the Alabama Code to add the Alabama State Missionary Baptist Convention, Incorporated and each local Baptist association in good standing with the convention to the list of entities exempt from state and local taxation.

• Exempts all real and personal property of the convention and each member association from ad valorem taxes, sales and use taxes, and all state, county, and municipal taxes, licenses, fees, and charges.

• Adds All Collaborated To Serve The Community Development Corporation to the list of exempt entities and their real and personal property.

• Requires the Alabama State Missionary Baptist Convention to submit to the Department of Revenue a list of each local Baptist association in good standing, as required by department rule.

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