(a) All of the following community foundation entities are exempted from paying any state sales and use taxes: (1) The Black Belt Community Foundation. (2) The Central Alabama Community Foundation. (3) The Community Foundation of Greater Birmingham. (4) The Community Foundation of Greater Decatur. (5) The Community Foundation of Greater Huntsville. (6) The Community Foundation of Northeast Alabama. (7) The Community Foundation of South Alabama. (8) The Community Foundation of West Alabama. (9) The Limestone Area Community Foundation. (10) The Walker Area Community Foundation. (b) Each entity listed in subsection (a) shall file an annual informational report in a manner as prescribed by the Department of Revenue. The information on the reports shall be consistent with the information required by the Department of Revenue pursuant to Section 40-9-61 and rules adopted thereunder. Information provided pursuant to this section is exempted from the confidentiality provisions of Section 40-2A-10 and shall be provided by the Department of Revenue to the Legislative Services Agency, Fiscal Division, on an annual basis. (c) The sales and use tax exemption authorized under this section shall be effective September 1, 2026, and shall continue through August 31, 2031. (d) Any county or municipality may exempt the entities listed in subsection (a) from county or municipal sales and use taxes in accordance with Section 40-23-4.01.
‹ Prev All Alabama sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.