SB275 Alabama 2018 Session

In Committee

Bill Summary

Sponsors

Shay Shelnutt

Session

Regular Session 2018

Title

Tax Exemption Reform Act, united appeal fund entities and supported charities, grace period to obtain or renew certificate of exemption from Dept. of Revenue provided through Sept. 30, 2018, Sec. 40-9-12.1added

Description

Under existing law, the Tax Exemption Reform Act of 2017 required united appeal funds and their supported charities to obtain and maintain a certificate of exemption by meeting specific definitional requirements by July 1, 2017. In addition, united appeal funds and their supported charities are required to comply with information reporting requirements.

This bill provides united appeal fund entities and supported charities subject to the requirements and definitions of the Tax Exemption Reform Act of 2017 a one-time grace period through September 30, 2018, to obtain or renew a certificate of exemption from the Department of Revenue.

To add Section 40-9-12.1, Code of Alabama 1975, relating to united appeal fund organizations and their supported charities; to provide a grace period for compliance with the Tax Exemption Reform Act of 2017 and the informational reporting requirements as required by Section 40-9-60.

Subjects

Taxation

Bill Actions

Action Date	Chamber	Action
February 1, 2018	S	Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download SB275 Alabama 2018 Session PDF

Bill Documents