AL SB78

Amends Section 40-21-82.1 of the Code of Alabama 1975 to add Floyd Cherokee Medical Center LLC, owned by Floyd Healthcare Management, Inc., to the list of entities exempt from utility gross receipts tax.

Adds subsection (f) to existing exemptions that already include Smith's Water Authority in Lee County, Northeast Crenshaw Water and Fire Protection Authority, Bakerhill Water Authority, Russell County Water Authority, and Chambers County E911 Authority.

Exempts Floyd Cherokee Medical Center LLC from all taxes levied under Section 40-21-82.

Takes effect on the first day of the third month following passage and approval by the Governor, or upon otherwise becoming law.