SB120INTRODUCED Page 0 SB120 3CFSEZV-1 By Senator Waggoner RFD: Finance and Taxation Education First Read: 06-Feb-25 1 2 3 4 5 3CFSEZV-1 12/12/2024 RA (L)RA 2024-3217 Page 1 First Read: 06-Feb-25 SYNOPSIS: This bill would exempt the Alabama Eye Bank from the payment of state, county, and municipal sales and use taxes for five years. A BILL TO BE ENTITLED AN ACT Relating to state, county, and municipal sales and use taxes; to exempt the Alabama Eye Bank from paying state, County, and municipal sales and use taxes. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. For the period commencing on October 1, 2025, and ending on September 30, 2030, unless extended by an act of the Legislature, the Alabama Eye Bank is exempt from paying any state, county, and municipal sales and use taxes. Section 2. This act shall become effective on June 1, 2025. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23