House Bill 388 Alabama 2026 Session

Summary

Primary Sponsor

David FaulknerRepresentative

Republican

Session

2026 Regular Session

Title

Taxation; to exempt certain community foundations from sales and use taxes

Description

Under existing law, certain community foundation entities are exempt from paying any state, county, and municipal sales and use taxes through the 2026 tax year.

This bill would revise the list of community foundations that would be exempt from sales and use taxes and would extend the state sales and use tax exemptions through August 31, 2031.

This bill would allow municipalities and counties to exempt these entities from local sales and use taxes beginning September 1, 2026.

This bill would also repeal the law providing for the existing sales and use tax exemptions for these entities.

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Subjects

Taxation & Revenue