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.
|February 1, 2018||S||Read for the first time and referred to the Senate committee on Finance and Taxation Education|
|Hearing||April 5, 2017||Room 320 ** BILL ADDED** at 00:00||Senate B&I Hearing|
|Bill Text||SB275 Alabama 2018 Session - Introduced|