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
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 24, 2021 | H | Pending third reading on day 9 Favorable from Ways and Means General Fund |
| 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 |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 24, 2021 | Room 617 at 13:30 | House W&MGF Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB372 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - HB372 for Ways and Means General Fund |