HB427 Alabama 2014 Session

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.

Summary

This bill expands who qualifies as a 'Private User' by allowing nonprofit corporations that own private use industrial property to be treated as owners for federal tax purposes.

What This Bill Does

It amends Section 40-9B-3 to redefine Private User to include nonprofit corporations that are or will be treated as the owner of private use industrial property for federal income tax purposes. This makes nonprofits eligible for the tax abatements and related treatment that previously applied only to for-profit private users. The change broadens eligibility beyond tourism-related properties to any private use industrial property.

Who It Affects

• Nonprofit corporations that own or will own private use industrial property: become eligible to be treated as private users and potentially qualify for abatements and other tax benefits.
• Local governments, counties, municipalities, and public authorities that grant abatements: may see a broader pool of private users (including nonprofits) eligible for abatements under the program.

Key Provisions

• Provision 1: Amends Section 40-9B-3 to expand the definition of 'Private User' to include nonprofit corporations that are or will be treated as the owner of private use industrial property for federal income tax purposes.
• Provision 2: Extends the nonprofit private user eligibility beyond tourism destination attractions, applying to private use industrial property more broadly rather than being limited to tourism-related properties.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation