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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
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 |