SB296 Alabama 2019 Session

Updated Apr 26, 2021

Senate Bill

Expired

Current Status

Regular Session 2019

Session

Sponsor

Summary

Primary Sponsor: Dan Roberts Senator
Republican
Session: Regular Session 2019
Title: Taxation, Barber Vintage Motorsports Museum, sales and use tax exemption, to include construction materials, ad valorem tax exemption, further provided for, Sec. 40-9-25.14 am'd.
Description: Under existing law, the Barber Vintage Motorsports Museum is exempted from paying any state, county, and municipal sales and use taxes with respect to tangible personal property purchased solely for display as a museum exhibit primarily within the confines of the museum property.
This bill would exempt the Barber Vintage Motorsports Museum and related entities as defined from any state, county, and municipal sales and use taxes on the purchase of construction material purchased for capital improvements or repairs at the museum or the parks.
Under existing law, property of the Barber Vintage Motorsports Museum is exempt from ad valorem tax. The property was formerly leased to the museum by the City of Birmingham for use for museum purposes.
This bill would delete references to the lease which are no longer applicable and extend the ad valorem tax exemption to other property that is a part of the museum property, including property owned by related entities.
Subjects: Taxation