SB540 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Rodger SmithermanSenator
Democrat
Co-Sponsors: Phil Poole Tom Butler George M. “Marc” Keahey Myron Penn Wendell Mitchell Bobby D. Singleton Priscilla Dunn Linda Coleman-Madison Lowell Barron Hinton Mitchem Roger Bedford, Jr.Quinton Ross Bobby Denton Hank Sanders Larry Means Zeb Little Vivian Davis Figures
Session: Regular Session 2010
Title: Taxation, purchase of real property used as a residence, exempt from privilege or license tax or recording tax pursuant to Chapter 22, Title 40 of Code of Alabama 1975
Description: Under existing law, a deed, bill of sale, or other instrument of like character which conveys real or personal property within the state or which conveys any interest in such property must be recorded and a privilege or license tax must be paid.
This bill would exempt from such privilege or license tax the purchasing of real property used as a residence.
Subjects: Taxation

Read for the first time and referred to the Senate committee on Finance and Taxation General Fund