HB265 Alabama 2016 Session

Summary

Primary Sponsor

Dickie Drake

Republican

Session

Regular Session 2016

Title

Three Hots and a Cot, Inc., exempt from sales and use taxes

Summary

HB265 would exempt Three Hots and a Cot, Inc. from all state, county, and municipal sales and use taxes.

What This Bill Does

If enacted, the bill would remove the obligation for Three Hots and a Cot, Inc. to pay or collect any state, county, or local sales and use taxes. The exemption would apply across state, county, and municipal levels. The law would take effect on the first day of the third month after passage and governor approval.

Who It Affects

• Three Hots and a Cot, Inc. would be completely exempt from state, county, and municipal sales and use taxes.
• State and local governments (state, counties, and municipalities) would lose tax revenue from this entity due to the exemption.

Key Provisions

• Section 1: Exempts Three Hots and a Cot, Inc. from paying or collecting any state, county, and municipal sales and use taxes.
• Section 2: The act becomes effective on the first day of the third month after its passage and approval by the Governor (or 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