HB246 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

Fuller Center for Housing exempt from state, county, and municipal sales and use tax and ad valorem tax

Description

<p class="bill_description"> Under existing law, the state imposes an ad valorem tax at a rate established by statute on the assessed value of taxable property, which value varies as a percentage of actual value depending upon the particular property. In addition, counties, municipalities, and certain other local taxing authorities impose various additional ad valorem taxes. Certain types of property and certain entities are exempt from state, county, or local ad valorem taxes</p><p class="bill_description"> This bill would exempt the Fuller Center for Housing from paying state, county, and municipal sales and use taxes</p><p class="bill_description"> This bill would exempt the Fuller Center for Housing from paying any state, county, and local ad valorem taxes on all property owned and used by the organization</p><p class="bill_entitled_an_act"> To exempt the Fuller Center for Housing from paying state, county, and municipal sales and use taxes; and to exempt all property owned and used by the Fuller Center for Housing from any state, county, and local ad valorem taxes. </p>

Subjects

Taxation