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
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
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.
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 |