SB125 Alabama 2017 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Occupancy tax, transient defined, leases expressly exempt from tax, Sec. 40-26-1 am'd.
Description
<p class="bill_description"> This bill defines the term transient as used
in Chapter 26 of Title 40 and would clarify the
exemption provided to real estate agreements that
create leaseholds in real property</p><p class="bill_entitled_an_act"> To amend Section 40-26-1, Code of Alabama 1975,
relating to transient occupancy tax; to define transient; to
clarify the exemption provided to real estate agreements that
create leaseholds in real property.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 9, 2017 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 1, 2017 | Room 727 ***Public Hearing & Vote*** at 10:30 | Senate F&TE Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB125 Alabama 2017 Session - Introduced |