SB18 Alabama 2021 Session

Summary

Primary Sponsor

Andrew JonesSenator

Republican

Session

Regular Session 2021

Title

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

Summary

SB18 would exempt Floyd Cherokee Medical Center LLC from the utility gross receipts tax until September 30, 2025, unless the Legislature extends it.

What This Bill Does

It amends the utility gross receipts tax law to add Floyd Cherokee Medical Center LLC as exempt from the tax. The exemption lasts until September 30, 2025, unless extended by a future act. This change places Floyd Cherokee Medical Center LLC on the list of entities exempt from the tax under the relevant section.

Who It Affects

• Floyd Cherokee Medical Center LLC (owned by Floyd Healthcare Management, Inc.) would be exempt from the utility gross receipts tax during the effective period.
• State tax revenue from the utility gross receipts tax would be reduced for Floyd Cherokee Medical Center LLC during the exemption period, with potential revenue impact if the exemption is not extended.

Key Provisions

• Adds Floyd Cherokee Medical Center LLC to the exemptions under the utility gross receipts tax (Section 40-21-82.1).
• Provides the exemption lasts until September 30, 2025, unless the Legislature acts to extend it; includes the act's effective date.

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