Loading chat...
AL HB160
Bill
Status
6/1/2023
Primary Sponsor
David Faulkner
Click for details
AI Summary
-
Amends Section 40-9-12 of the Alabama Code to rename "The National Foundation's Alabama Field Offices" to "March of Dimes Inc." in the list of tax-exempt organizations.
-
March of Dimes Inc. and its real and personal property remain exempt from state, county, and municipal taxes, licenses, fees, and charges, consistent with other listed charitable organizations.
-
The exemption applies when property is used for conducting the organization's charitable programs, work, principles, and objectives within Alabama.
-
Exempt organizations must pay applicable prepaid taxes on gasoline, tobacco, and playing cards at purchase, then receive refunds from the Department of Revenue according to established procedures.
-
The act becomes effective immediately upon passage and approval by the Governor, or upon otherwise becoming law.
Legislative Description
Relating to tax exemptions, to amend Section 40-9-12, Code of Alabama 1975, to change the name of the National Foundation to reflect its current name, the March of Dimes Inc.
Taxation and Revenue, National Foundation name changed to current March of Dimes, Inc.
Last Action
Enacted
6/1/2023