HB14 Summary

• Exempts all airport authorities established under Alabama law from paying state, county, and municipal sales and use taxes for contracts entered into on or after January 1, 2020.

• Adds airport authorities to the definition of "governmental entity" in Section 40-9-14.1, making them eligible to receive tax exemption certificates for construction projects.

• Includes airport authorities in Section 40-9-60's definition of "governmental entity," exempting them from the requirement to obtain annual certificates of exemption from the Department of Revenue.

• Applies existing provisions for contractor exemption certificates, including reporting requirements, cost accounting, and penalties of at least $2,000 for willful misuse or violation of exemption certificates.

• Takes effect immediately upon passage and approval by the Governor.