§ 2-7A-7 — Exemption from Certain State, County, and Municipal Taxes; Rebates; Revenue Sharing Agreements

(a) The Agriculture Exhibition Center Corporation, as a governmental entity, is exempt from the payment of all state, county, and municipal sales and use taxes. The corporation and its contractors shall be granted a certificate of exemption from sales and use taxes by the Department of Revenue as provided by Sections 40-9-14.1 and 40-9-60, or other general law.
(b)(1) Any county or municipal sales and use tax proceeds that are collected by the corporation; a joint venture of the corporation, including a public or private venture of the corporation; or a lessee of the corporation or a joint venture of the corporation, and remitted to a local taxing authority is rebated by that local taxing authority to the corporation.
(2) The county commission of the county in which the Alabama Farm Center is located, at the time of the formation of the corporation, may opt-out of the requirement to rebate sales taxes collected by a private entity, joint venture partner, or public-private partnership.
(3) The corporation may enter into revenue sharing agreements with the county commission of the county in which the center will be located and municipalities therein to share any tax revenue generated by the corporation outside of the operational area outlined in the corporation’s articles of incorporation.
(c) The corporation is exempt from paying all state, county, and local ad valorem taxes.
(d) The corporation is exempt from paying any other taxes levied by a county, municipality, or other political subdivision of this state, including, but not limited to, license and excise taxes imposed relating to the privilege of engaging in any activities in which the corporation may engage.

Legislative History

(Act 2024-451, §7.)