SB275 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
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 Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 5, 2017 | Room 320 ** BILL ADDED** at 00:00 | Senate B&I Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB275 Alabama 2018 Session - Introduced |