Taxation; to exempt certain community foundations from sales and use taxes
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill exempts certain community foundations in Alabama from state and local sales and use taxes. Specifically, it lists ten community foundations and allows municipalities and counties to also exempt these organizations from their local sales taxes. The bill also repeals an existing section related to community foundation sales tax exemptions and establishes an annual reporting requirement for the exempted foundations.
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