SB78 Alabama 2020 Session

Summary

Primary Sponsor

Andrew JonesSenator

Republican

Session

Regular Session 2020

Title

Utility gross receipts tax, Floyd Cherokee Medical Center LLC in Centre exempt, Sec. 40-21-82.1 am'd.

Summary

SB 78 would exempt Floyd Cherokee Medical Center LLC from the state's utility gross receipts tax.

What This Bill Does

It amends Section 40-21-82.1 to add Floyd Cherokee Medical Center LLC to the exemption list for the utility gross receipts tax. As a result, Floyd Cherokee Medical Center LLC would not owe this tax on its utility services. The medical center is owned by Floyd Healthcare Management, Inc., and the exemption applies to that entity. The act becomes effective on the first day of the third month after passage and governor approval.

Who It Affects

• Floyd Cherokee Medical Center LLC (owned by Floyd Healthcare Management, Inc.) will be exempt from paying the utility gross receipts tax.
• State of Alabama tax revenue from the utility gross receipts tax could decrease due to the exemption.

Key Provisions

• Exempts Floyd Cherokee Medical Center LLC (owned by Floyd Healthcare Management, Inc.) from all taxes levied under Section 40-21-82.1.
• Amends Section 40-21-82.1 to include Floyd Cherokee Medical Center LLC in the exemptions.
• Sets the exemption to take effect on the first day of the third month after passage and governor approval.

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation