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 sales and use taxes and ad valorem taxes. Certain types of property and certain entities are exempt from state, county, or local ad valorem taxes.
This bill would exempt the Alabama Association of Volunteer Fire Departments, county volunteer fire associations, the Alabama Association of Rescue Squads, Incorporated, all volunteer rescue squads that are members of the Alabama Association of Rescue Squads, all county volunteer rescue associations, and all local fire districts that are not under the auspices of their county commission from any state, county, and local sales and use taxes and ad valorem taxes; provided no tax which has proceeds dedicated to K-12 public education may be exempted.
Pending third reading on day 26 Favorable from Finance and Taxation Education
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Motion to Read a Third Time and Pass adopted Roll Call 441
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Source: Alabama Legislature