HB427 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
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
To amend Section 40-9B-3 of the Code of Alabama 1975, to further expand the defition 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
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 6, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB427 Alabama 2014 Session - Introduced |