HB531 Alabama 2014 Session

Summary

Primary Sponsor

Kerry Rich

Republican

Co-Sponsor

Wes Long

Session

Regular Session 2014

Title

Snead State Community College Foundation, ad valorem tax exempt

Summary

This bill would exempt all property owned and used by the Snead State Community College Foundation from state, county, and local ad valorem taxes.

What This Bill Does

It would grant an ad valorem tax exemption for property owned by the Snead State Community College Foundation and used for its charitable purposes. The exemption would apply to state, county, and local taxes. It would take effect immediately after the bill is passed and approved by the Governor (or otherwise becomes law).

Who It Affects

• Snead State Community College Foundation would have its property tax liability removed for property it owns and uses for its charitable purposes.
• State, county, and local governments would lose potential ad valorem tax revenue from the exempt property.

Key Provisions

• Exempts all property owned by the Snead State Community College Foundation and used for its charitable purposes from any state, county, and local ad valorem taxation.
• Effective immediately following passage and approval by the Governor, or otherwise 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