HB43 Alabama 2024 Session

Updated Feb 23, 2026

Low Interest

Summary

Primary Sponsor: Bill LambRepresentative
Republican
Session: Regular Session 2024
Title: Taxation, High Socks for Hope, Inc., exempt from state, county, and municipal sales and use taxes
Summary: HB43 would exempt High Socks for Hope, Inc. from state, county, and municipal sales and use taxes, effective September 1, 2024.
What This Bill Does
If enacted, the bill would remove the obligation for High Socks for Hope, Inc. to pay state, county, and municipal sales and use taxes on its purchases. The exemption would take effect on September 1, 2024. As a result, state, county, and municipal tax authorities would not collect these taxes from the organization for its purchases.

Who It Affects
High Socks for Hope, Inc. — would be exempt from paying state, county, and municipal sales and use taxes on its purchases.
State, county, and municipal tax authorities in Alabama — would lose potential tax revenue from this organization's purchases due to the exemption.

Key Provisions
Exemption for High Socks for Hope, Inc. from paying any state, county, and municipal sales and use taxes.
Effective date: September 1, 2024.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Taxation & Revenue