SB239 Alabama 2022 Session

Sponsors

Session

Regular Session 2022

Title

Taxation, Long Ranch, exempt from state, county and local ad valorem tax and municipal sales and use tax

Description

<p class="bill_description"> Under existing law, the state imposes an ad valorem tax at a rate established by statute on the assessed value of taxable property, which value varies as a percentage of actual value depending upon the particular property. In addition, counties, municipalities, and certain other local taxing authorities impose various additional ad valorem taxes. Certain types of property and certain entities are exempt from state, county, or local ad valorem taxes</p><p class="bill_description"> Existing law also allows the state to impose sales and use taxes upon certain persons, firms, or corporations. Counties and municipalities also impose various additional sales and use taxes</p><p class="bill_description"> This bill would exempt all property owned and used by Long Ranch, a domestic nonprofit corporation, from any state, county, and local ad valorem taxes, and would exempt Long Ranch from state, county, and municipal sales and use taxes</p><p class="bill_entitled_an_act"> To exempt all property owned and used by Long Ranch, a domestic nonprofit corporation, from any state, county, and local ad valorem taxes; and to exempt Long Ranch from all state, county, and municipal sales and use taxes. </p>

Subjects

Taxation