SB416 Alabama 2019 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Jim McClendon
Republican
Session: Regular Session 2019
Title: Talladega Superspeedway, International Speedway Corp., sales and use tax exemption for purchases of construction materials related to and ad valorem tax exemption on real and personal property, Sec. 40-9-25.23 added
Summary: The bill would grant sales and use tax exemptions for the International Speedway Corporation and its contractors on construction materials for Talladega Superspeedway, and would exempt the Talladega Superspeedway property from ad valorem taxes.
What This Bill Does
It creates a new code section that exempts the International Speedway Corporation, its affiliates, and their contractors from state, county, and municipal sales and use taxes on tangible personal property used as construction materials for capital improvements, refurbishment, or repairs at Talladega Superspeedway. It also exempts all ISC-owned property that is part of or contiguous to the Talladega Superspeedway property (including property that may be leased to the Alabama Motorsports Hall of Fame) from all state, county, and local ad valorem taxes. The exemptions would apply through the 2023 tax year unless extended, and ISC must annually provide the Department of Revenue a list of affiliates; the Department may adopt rules to administer the law.

Who It Affects
International Speedway Corporation, its affiliates, and their contractors — would be exempt from paying state, county, and municipal sales and use taxes on construction materials for capital improvements, refurbishment, or repairs at the Talladega Superspeedway property.
Talladega Superspeedway motorsports park property (including contiguous property and property leased to the Alabama Motorsports Hall of Fame) — would be exempt from all state, county, and local ad valorem taxation.

Key Provisions
Adds Section 40-9-25.23 to exempt ISC, its affiliates, and their contractors from sales and use taxes on construction materials used for Talladega improvements and repairs.
Exempts ISC-owned property at or adjacent to Talladega Superspeedway from all state, county, and local ad valorem taxes, including property leased to the Alabama Motorsports Hall of Fame.
Requires ISC to annually provide the Department of Revenue a list of its affiliates.
Authorizes the Department of Revenue to adopt rules for administration of the section, including submission deadlines for affiliate lists.
Exemptions apply through the 2023 tax year unless extended by future legislation.
Effective October 1, 2019.

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