SB540 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
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
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.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 11, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB540 Alabama 2010 Session - Introduced |