SB74 Alabama 2013 Session

Summary

Primary Sponsor

J.T. WaggonerSenator

Republican

Session

Regular Session 2013

Title

Samford University Foundation, Inc., exempt from sales and use taxes

Summary

SB74 would exempt the Samford University Foundation, Inc. from all state, county, and municipal sales and use taxes.

What This Bill Does

If passed, the Samford University Foundation, Inc. would not have to pay or collect state, county, or municipal sales and use taxes. This would reduce the foundation's tax burden and could lower tax revenues for state and local governments from transactions involving the foundation. The exemption becomes effective on the first day of the third month after the bill passes and the governor approves it.

Who It Affects

• Samford University Foundation, Inc. — would be exempt from paying and collecting sales and use taxes.
• State and local governments — could see reduced sales and use tax revenue from transactions involving the foundation.

Key Provisions

• Exempts Samford University Foundation, Inc. from paying state, county, and municipal sales and use taxes.
• Exempts Samford University Foundation, Inc. from collecting state, county, and municipal sales and use taxes.
• Effective date: the first day of the third month following passage and governor approval (or when it becomes law otherwise).

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation