SB295 Summary

• Exempts all airport authorities established under Alabama law from paying state, county, and municipal sales and use taxes beginning January 1, 2020.

• Includes airport authorities in the definition of "governmental entity" eligible to receive certificates of exemption from sales and use taxes on construction projects under Section 40-9-14.1.

• Adds airport authorities to the list of governmental entities required to obtain annual certificates of exemption from the Department of Revenue under Section 40-9-60.

• Allows contractors and subcontractors working on airport authority projects to receive tax exemption certificates for building materials and construction supplies that become part of the project structure.

• Takes effect immediately upon passage and gubernatorial approval or upon otherwise becoming law.