HB374 Alabama 2020 Session

Summary

Primary Sponsor

David FaulknerRepresentative

Republican

Session

Regular Session 2020

Title

Taxation, exempt Community Foundation of Greater Birmingham from sale and use tax

Summary

The bill would exempt The Community Foundation of Greater Birmingham from state, county, and municipal sales and use taxes for a limited period, with annual reporting requirements.

What This Bill Does

It would remove the Foundation from paying state, county, and municipal sales and use taxes beginning January 1, 2021 through the 2025 tax year unless extended by law. It requires the Foundation to file an annual informational report with the Department of Revenue, with data aligned to DoR rules. The information provided would not be confidential and would be shared with the Legislative Services Agency on an annual basis.

Who It Affects

• The Community Foundation of Greater Birmingham: will not owe state, county, or municipal sales and use taxes during 2021–2025 unless the Legislature extends the exemption.
• Alabama Department of Revenue: will collect the annual informational reports from the Foundation and manage data sharing.
• Legislative Services Agency (Fiscal Division): will receive annual information from the Department of Revenue about the Foundation.
• Local governments (counties and municipalities): could see reduced sales and use tax revenues due to the exemption.

Key Provisions

• Exempts The Community Foundation of Greater Birmingham from paying state, county, and municipal sales and use taxes.
• Requires the Foundation to file an annual informational report with the Department of Revenue, with content consistent with DoR rules, and makes the information non-confidential for transfer to the Legislative Services Agency.
• The exemption applies for the 2021 through 2025 tax years, unless extended by an act of the Legislature.
• The act becomes effective on the first day of the third month after its passage and approval.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation