House Bill 422 Alabama 2026 Session

Summary

Primary Sponsor

Jeremy GrayRepresentative

Democrat

Session

2026 Regular Session

Title

Taxation; Greater Peace Community Corporation, exempt from sales and use tax

Summary

HB422 would exempt the Greater Peace Community Development Corporation from state sales and use taxes and allow local governments to exempt it from local sales and use taxes.

What This Bill Does

The bill would exempt the Greater Peace Community Development Corporation from paying state sales and use taxes. It would also authorize counties and municipalities to exempt the corporation from local sales and use taxes under Section 40-23-4.01. If enacted, the exemptions would take effect on September 1, 2026.

Who It Affects

• Greater Peace Community Development Corporation — would be exempt from state sales and use taxes, and could be exempt from local taxes if a locality opts in.
• Counties and municipalities — would have the option to grant local sales and use tax exemptions for the corporation under existing law.

Key Provisions

• Exempts the Greater Peace Community Development Corporation from payment of state sales and use taxes.
• Allows counties and municipalities to exempt the corporation from local sales and use taxes under Section 40-23-4.01.

AI-generated summary using openai/gpt-5-nano on Feb 12, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation & Revenue