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AL HB156
Bill
Status
5/25/2023
Primary Sponsor
David Faulkner
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AI Summary
HB156 Summary
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Amends Section 40-23-5 of the Alabama Code to extend the Birmingham Zoo's sales and use tax exemption for capital expenditures through September 30, 2027 (previously set to expire September 30, 2022).
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The Birmingham Zoo, Inc. remains exempt from state, county, and municipal sales and use taxes on capital expenditures while continuing to collect and remit all other applicable taxes.
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Requires the Birmingham Zoo, Inc. to report annually to the Department of Revenue on sales for which the exemption is granted, with the Department prescribing the report format.
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Effective date is the first day of the third month following passage and approval by the Governor.
Legislative Description
Relating to state, county, and municipal sales and use taxes; to amend Section 40-23-5, Code of Alabama 1975, to exempt capital expenditures of the Birmingham Zoo from state, county, and municipal sales and use taxes through September 30, 2027.
Last Action
Enacted
5/25/2023