HB372 Alabama 2021 Session

In Committee

Bill Summary

Sponsors

Session

Regular Session 2021

Title

Virtual currency, exemption from ad valorem taxation provided, Sec. 40-9-1 am'd.

Description

Under existing law, virtual currency is currently not subject to ad valorem taxation.

This bill would exempt virtual currency, herein defined, from ad valorem taxation.

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.

Subjects

Taxation

Action Date	Chamber	Action
May 6, 2021	H	Indefinitely Postponed
February 24, 2021	H	Read for the second time and placed on the calendar
February 9, 2021	H	Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund