HB390 creates tax exemptions for ClasTran, the Birmingham Holocaust Education Center (temporarily for capital expenditures), and eleven community foundations across Alabama.
It shields ClasTran from state gasoline and motor fuel excise taxes and inspection fees, with the company paying tax at the time of purchase and getting refunds from the Department of Revenue under existing refund rules. It exempts the Birmingham Holocaust Education Center from state, county, and municipal sales and use taxes on capital expenditures, with the exemption lasting through December 31, 2023 and requiring annual sales reporting to the Department of Revenue. It also exempts eleven named community foundations from state, county, and municipal sales and use taxes, requires them to file annual informational reports to the Department of Revenue (data may be shared with the Legislative Services Agency), and sets the exemptions to run from 2022 through 2026 unless extended. The Department of Revenue may adopt rules to implement the act.
Delivered to Governor at 3:00 p.m. on April 29, 2021.
Third Reading Received
Assigned Act No. 2021-374.
Concurred in Second House Amendment
Signature Requested
Enrolled
Faulkner motion to Concur In and Adopt adopted Roll Call 1066
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 1234
Motion to Adopt Waggoner Substitute adopted Roll Call 1233
Waggoner Substitute offered
Reed motion to Reconsider adopted Voice Vote
Motion to Read a Third Time and Pass adopted Roll Call 1229
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Motion to Read a Third Time and Pass adopted Roll Call 692
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Source: Alabama Legislature