HB468 Alabama 2014 Session

Summary

Primary Sponsor

Paul DeMarco

Republican

Co-Sponsor

Jim Carns

Session

Regular Session 2014

Title

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

Summary

The bill would exempt the Samford University Foundation, Inc. from paying and collecting all state, county, and municipal sales and use taxes.

What This Bill Does

If enacted, the Samford University Foundation, Inc. would not have to pay sales and use taxes on taxable transactions. It would also not collect these taxes from customers or vendors. The exemption would apply to all state, county, and municipal sales and use taxes, with an effective date set in the bill.

Who It Affects

• Samford University Foundation, Inc.: becomes exempt from paying and collecting state, county, and municipal sales and use taxes.
• State, county, and municipal tax authorities: would no longer collect these taxes from the foundation and would not administer them for this entity.

Key Provisions

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

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