(a) All of the following community foundation entities are exempted from paying any state, county, and municipal sales and use taxes:

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Terms Used In Alabama Code 40-9-39.4

  • following: means next after. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(1) The Community Foundation of South Alabama.
(2) The Community Foundation of West Alabama.
(3) The Black Belt Community Foundation.
(4) The Community Foundation of Northeast Alabama.
(5) The Community Foundation of Greater Birmingham.
(6) The Community Foundation of Greater Huntsville.
(7) The Community Foundation of Greater Decatur.
(8) The Limestone Area Community Foundation.
(9) The Central Alabama Community Foundation.
(10) The Community Foundation of East Alabama.
(11) 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 such 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 January 1, 2022, for the 2022 tax year and shall continue through the 2026 tax year, unless extended by an act of the Legislature.
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