3834-2:E:01/13/1998:bh/bh LRS97-4965
| SYNOPSIS: | Under existing law, the state imposes sales and use taxes upon certain persons, firms, or corporations. The amount of the taxes ranges from one and one-half to four percent of the gross proceeds of the sale or consumption of various types of tangible personal property. The state also imposes a sales tax on the operation of places of amusement or entertainment. Counties and municipalities impose various additional sales and use taxes. Certain entitles are exempted from state, county, or local sales and use taxes. |
| This bill would exempt the Alabama Symphonic Association, Incorporated, from any state, county, and municipal sales and use taxes. |
To exempt the Alabama Symphonic Association, Incorporated, from the payment of all state, county, and municipal sales and use taxes.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. The Alabama Symphonic Association, Incorporated, is exempted from paying any state, county, and municipal sales and use taxes.
Section 2. This act shall become effective on the first day of the third month following its passage and approval by the Governor, or its otherwise becoming law.