HB525 Alabama 2014 Session

Summary

Primary Sponsor

Mac Buttram

Republican

Co-Sponsors

Ed HenryRandall Shedd

Session

Regular Session 2014

Title

Taxation, Wallace State Community College in Hanceville Future Foundation, exempt from state, county, and local ad valorem taxes, Act 2013-170, 2013 Reg. Sess., am'd.; Sec. 40-9-25.19 am'd.

Summary

HB525 would extend tax exemptions to the Wallace State Community College in Hanceville Future Foundation and expand exemptions for three community college foundations, covering property and purchases used for charitable purposes.

What This Bill Does

It amends Act 2013-170 to exempt all property owned by the Lurleen B. Wallace Community College Foundation, the Wallace State Community College in Hanceville Future Foundation, and the Calhoun Community College Foundation from state, county, and local ad valorem taxes when used for their charitable purposes. It also exempts purchases by these foundations used for their charitable purposes from state, county, and local sales and use taxes. The act becomes effective on the first day of the third month after passage and governor approval.

Who It Affects

• Lurleen B. Wallace Community College Foundation, Wallace State Community College in Hanceville Future Foundation, and Calhoun Community College Foundation – their property used for charitable purposes would be exempt from ad valorem taxes
• Purchases by those foundations used for their charitable purposes would be exempt from state, county, and local sales and use taxes

Key Provisions

• Amends Act 2013-170 / Section 40-9-25.19 to exempt property owned by the three foundations and used for charitable purposes from ad valorem taxes
• Extends exemption to purchases by the three foundations used for charitable purposes from state, county, and local sales and use taxes
• Effective date: the first day of the third month after passage and governor's approval

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