HB298 Alabama 2019 Session

Summary

Primary Sponsor

Nathaniel LedbetterRepresentative

Republican

Session

Regular Session 2019

Title

Tax exemption, Long Ranch, state, county, and municipal sales and use tax

Summary

HB 298 would grant tax exemptions to Long Ranch, removing its property from ad valorem taxes and exempting its purchases from sales and use taxes.

What This Bill Does

If enacted, all property owned and used by Long Ranch would be permanently exempt from state, county, and local ad valorem taxes. Long Ranch would also be exempt from state, county, and municipal sales and use taxes. The exemptions would apply to the organization’s property and its purchases, becoming effective on the date specified in the bill.

Who It Affects

• Long Ranch, a domestic nonprofit corporation, would be exempt from all state, county, and local ad valorem taxes and from state, county, and municipal sales and use taxes.
• State and local governments (counties and municipalities) could lose tax revenue that would have come from Long Ranch's property and purchases.

Key Provisions

• Section 1(a): All property owned by Long Ranch and used by it is exempt from state, county, and local ad valorem taxation.
• Section 1(b): Long Ranch is exempted from paying any state, county, and municipal sales and use taxes.
• Section 2: The act becomes effective on the first day of the third month after passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation