| 1 | 1 | | 1 SB239 |
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| 2 | 2 | | 2 217873-1 |
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| 3 | 3 | | 3 By Senator Livingston |
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| 4 | 4 | | 4 RFD: Finance and Taxation Education |
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| 5 | 5 | | 5 First Read: 22-FEB-22 |
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| 6 | 6 | | |
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| 7 | 7 | | Page 0 1 217873-1:n:02/17/2022:SS/cmg LSA2022-092F |
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| 8 | 8 | | 2 |
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| 9 | 9 | | 3 |
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| 10 | 10 | | 4 |
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| 11 | 11 | | 5 |
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| 12 | 12 | | 6 |
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| 13 | 13 | | 7 |
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| 14 | 14 | | 8 SYNOPSIS: Under existing law, the state imposes an ad |
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| 15 | 15 | | 9 valorem tax at a rate established by statute on the |
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| 16 | 16 | | 10 assessed value of taxable property, which value |
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| 17 | 17 | | 11 varies as a percentage of actual value depending |
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| 18 | 18 | | 12 upon the particular property. In addition, |
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| 19 | 19 | | 13 counties, municipalities, and certain other local |
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| 20 | 20 | | 14 taxing authorities impose various additional ad |
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| 21 | 21 | | 15 valorem taxes. Certain types of property and |
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| 22 | 22 | | 16 certain entities are exempt from state, county, or |
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| 23 | 23 | | 17 local ad valorem taxes. |
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| 24 | 24 | | 18 Existing law also allows the state to impose |
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| 25 | 25 | | 19 sales and use taxes upon certain persons, firms, or |
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| 26 | 26 | | 20 corporations. Counties and municipalities also |
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| 27 | 27 | | 21 impose various additional sales and use taxes. |
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| 28 | 28 | | 22 This bill would exempt all property owned |
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| 29 | 29 | | 23 and used by Long Ranch, a domestic nonprofit |
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| 30 | 30 | | 24 corporation, from any state, county, and local ad |
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| 31 | 31 | | 25 valorem taxes, and would exempt Long Ranch from |
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| 32 | 32 | | 26 state, county, and municipal sales and use taxes. |
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| 33 | 33 | | 27 |
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| 34 | 34 | | Page 1 1 A BILL |
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| 35 | 35 | | 2 TO BE ENTITLED |
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| 36 | 36 | | 3 AN ACT |
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| 37 | 37 | | 4 |
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| 38 | 38 | | 5 To exempt all property owned and used by Long Ranch, |
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| 39 | 39 | | 6 a domestic nonprofit corporation, from any state, county, and |
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| 40 | 40 | | 7 local ad valorem taxes; and to exempt Long Ranch from all |
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| 41 | 41 | | 8 state, county, and municipal sales and use taxes. |
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| 42 | 42 | | 9 BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: |
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| 43 | 43 | | 10 Section 1. (a) All property owned by Long Ranch, a |
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| 44 | 44 | | 11 domestic nonprofit corporation, and used by that organization |
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| 45 | 45 | | 12 is hereby exempted from any state, county, and local ad |
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| 46 | 46 | | 13 valorem taxation. |
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| 47 | 47 | | 14 (b) Long Ranch is exempted from paying any state, |
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| 48 | 48 | | 15 county, and municipal sales and use taxes. |
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| 49 | 49 | | 16 Section 2. This act shall become effective on the |
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| 50 | 50 | | 17 first day of the third month following its passage and |
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| 51 | 51 | | 18 approval by the Governor, or its otherwise becoming law. |
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| 52 | 52 | | Page 2 |
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