SB540 Alabama 2010 Session
Regular Session 2010
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
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
Relating to the privilege or license tax assessed upon the recording of deeds and other real property transfers; to exempt from such privilege or license tax the purchase of real property used as a residence.
|March 11, 2010||Read for the first time and referred to the Senate committee on Finance and Taxation General Fund|
|Bill Text||SB540 Alabama 2010 Session - Introduced|