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AL HB174

Bill

Official Source

Status

Introduced

2/2/2021

Primary Sponsor

Danny Garrett

Click for details

Origin

House of Representatives

Regular Session 2021

AI Summary

  • Exempts TWG 2021 Birmingham Foundation, an Alabama nonprofit corporation, from paying or collecting state, county, and municipal sales, use, and license taxes related to the World Games 2022 event in Alabama
  • Exempts all property owned by TWG 2021 Birmingham Foundation used for the World Games 2022 event from state, county, and local ad valorem taxes
  • Exempts the foundation from taxes on property purchases, property sales, and admissions to the World Games 2022 event
  • Tax exemptions expire on December 31 of the year following the conclusion of the World Games 2022 event
  • Act becomes effective immediately upon passage and gubernatorial approval

Legislative Description

TWG 2021 Birmingham Foundation, exempt from state, county, and municipal sales and use tax, license and ad valorem taxes, Sec. 40-9-26.2 added

Taxation

Last Action

Indefinitely Postponed

5/6/2021

Committee Referrals

Ways and Means Education2/2/2021

Full Bill Text

No bill text available