HB95 Alabama 2019 Session

Updated Apr 26, 2021

Summary

Primary Sponsor: Rod Scott
Democrat
Session: Regular Session 2019
Title: Taxation, Birmingham Regional Paratransit Consortium, Incorporated, exempt from sales and use taxes
Description: Under existing law, the state imposes an ad valorem tax at a rate established by statute on the assessed value of taxable property, which value varies as a percentage of actual value depending upon the particular property, and sales and use taxes upon certain persons, firms, or corporations.
The amount of the sales and use taxes ranges from one and one-half to four percent of the gross proceeds of the sale or consumption of various types of tangible personal property. In addition, counties, municipalities, and certain other local taxing authorities impose various additional ad valorem taxes. The state also imposes a sales tax on the operation of places of amusement or entertainment. Counties and municipalities impose various additional sales and use taxes. Certain types of property and certain entities are exempt from state, county, or local ad valorem taxes, and sales and use taxes.
This bill would exempt the Birmingham Regional Paratransit Consortium, Incorporated, from any state, county, and local ad valorem taxes on property owned or used by it, and state, county, and municipal sales and use taxes.
Subjects: Taxation

Read for the first time and referred to the House of Representatives committee on Ways and Means Education