HB468 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Samford University Foundation, Inc., exempt from sales and use taxes
Description
<p class="bill_description"> Under existing law, the state imposes sales
and use taxes upon certain persons, firms, or
corporations. The amount of the taxes ranges from
one and one-half to four percent of the gross
proceeds of the sale or consumption of various
types of tangible personal property. The state also
imposes a sales tax on the operation of places of
amusement or entertainment. Counties and
municipalities impose various additional sales and
use taxes. Certain entities are exempted from
state, county, or local sales and use taxes</p><p class="bill_description">
This bill would exempt the Samford
University Foundation, Inc., from any state,
county, and municipal sales and use taxes</p><p class="bill_entitled_an_act"> To exempt the Samford University Foundation, Inc.,
from the payment of all state, county, and municipal sales and
use taxes.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 12, 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 | HB468 Alabama 2014 Session - Introduced |