SB282 Alabama 2014 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: J.T. WaggonerSenator
Republican
Session: Regular Session 2014
Title: Samford University Foundation, Inc., exempt from sales and use taxes
Summary: The Samford University Foundation, Inc. would be exempt from all state, county, and municipal sales and use taxes.
What This Bill Does
The bill would exempt the Samford University Foundation, Inc. from paying or collecting state, county, and municipal sales and use taxes. As a result, the foundation would not owe these taxes on its purchases, and it would not collect these taxes from customers on taxable sales or activities. The exemption would take effect on the first day of the third month after the bill is passed and approved by the Governor (or when it becomes law).

Who It Affects
Samford University Foundation, Inc. — becomes fully exempt from paying and collecting state, county, and municipal sales and use taxes.
State and local tax authorities (state, county, and municipal) — would no longer collect these taxes from the foundation, reducing potential tax revenue from this entity.

Key Provisions
Exempts Samford University Foundation, Inc. from paying or collecting any state, county, and municipal sales and use taxes.
Effective date: on the first day of the third month following passage and governor's approval, or when it becomes 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