HB427 Alabama 2014 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Rod Scott
Democrat
Session: Regular Session 2014
Title: Taxation, private user, definition further defined to include a nonprofit corporation, Sec. 40-9B-3 am'd.
Description: Under existing law the term "Private User" does not include a nonprofit corporation that is or will be treated as the owner of private use industrial property for federal income tax purposes.
This bill would further expand the definition of the term "Private User" to include a nonprofit corporation that is or will be treated as the owner of private use industrial property for federal income tax purposes.
Subjects: Taxation

Read for the first time and referred to the House of Representatives committee on Ways and Means Education