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AL SB181
Bill
AI Summary
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Amends Section 32-11-2 of the Code of Alabama 1975 to extend existing tax exemptions to utility trailers owned by volunteer rescue squads.
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Utility trailers as defined in Section 40-12-240 owned by Alabama-incorporated volunteer rescue squads are exempt from license and registration fees and all ad valorem taxes.
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Exemption applies only when trailers are used exclusively for life saving, rescue, or first aid purposes without profit and are not rented, leased, or loaned to private individuals, firms, or corporations.
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Becomes effective January 1, 2021, following passage and approval by the Governor.
Legislative Description
Taxation, registration fees and ad valorem taxes for utility trailers, exemptions provided for, Sec. 32-11-2 am'd.
Taxation
Last Action
Pending third reading on day 12 Favorable from Governmental Affairs
3/10/2020