HB318 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Virtual currency, exemption from ad valorem taxation provided, Sec. 40-9-1 am'd.
Description
<p class="bill_description"> Under existing law, virtual currency is
currently not subject to ad valorem taxation</p><p class="bill_description">
This bill would exempt virtual currency,
herein defined, from ad valorem taxation</p><p class="bill_entitled_an_act"> To amend Section 40-9-1, Code of Alabama 1975,
relating to exemptions from ad valorem taxation; to exempt
virtual currency from ad valorem taxation.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 27, 2020 | H | Rereferred from FS to W&MGF |
| February 25, 2020 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB318 Alabama 2020 Session - Introduced |