SB29 Alabama 2023 Session
Bill Summary
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
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
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
SB29 INTRODUCED Relating 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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 6, 2023 | S | Introduced and Referred to Senate Finance and Taxation Education |
| March 6, 2023 | S | Read First Time in House of Origin |
| March 2, 2023 | S | Prefiled |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB29 Alabama 2023 Session - Introduced |