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AL HB449
Bill
Status
3/12/2020
Primary Sponsor
Danny Garrett
Click for details
AI Summary
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Exempts TWG 2021 Birmingham Foundation, an Alabama nonprofit corporation, from paying or collecting all state, county, and municipal sales, use, and license taxes related to the World Games 2021 event in Alabama.
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Exempts all property owned by TWG 2021 Birmingham Foundation and used for the World Games 2021 event from all state, county, and local ad valorem taxes.
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Exempts the foundation from taxes on property purchases or uses, gross proceeds from property sales or uses, and admissions to the World Games 2021 event.
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Exemptions expire on December 31 of the year following the year the World Games 2021 event concludes.
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Act becomes effective immediately upon passage and approval by the Governor or when otherwise becoming law.
Legislative Description
World Games, TWG 2021 Birmingham Foundation, exempt from sales and use, ad valorem, and other taxes, Sec. 40-9-26.2 added
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
3/12/2020