Alabama Governor Signs Law Providing Sales Tax Exemptions, Reporting Requirements for Statutorily Exempt Entities

The Alabama Governor June 14 signed a law providing sales and use tax exemptions and reporting requirements for statutorily exempt entities. The law includes measures: 1) defining “statutorily exempt entity” as any person or company that has been granted a statutory exemption from state sales and use taxes; 2) requiring the Department of Revenue (DOR) to issue a certificate of exemption to the entity for each tax-exempt project; 3) requiring the DOR to grant the certificate to contractors and subcontractors licensed by the State Licensing Board for General Contractors for purchases of building materials, construction materials and supplies, and other ...