School tax savings bills passes both houses
Alabama House of Representatives Minority Leader Anthony Daniels (D-Madison), led the final passage of SB40 sponsored by Sen. Sam Givhan (R-Madison). After receiving approval from the House, the bill was sent to the Governor’s desk to be signed into law.
The bill saves state resources by allowing the Alabama School of Fine Arts Foundation, the Alabama Institute for the Deaf and Blind, the Alabama High School of Mathematics and Science Foundation, and the Alabama School of Cyber Technology and Engineering Foundation to be exempt from the payment of all state, county, and municipal sales and use taxes.
The projected effect of the legislation would be to allow these institutions to reinvest tens of thousands of dollars that they would otherwise pay in taxes into public education.
According to Rep. Anthony Daniels, “This is common sense legislation that will help valuable schools and their charitable organizations continue to put more resources into educating Alabama’s children. It’s a great example of the positive results we can achieve when we work together.”