The bill amends Section 36-16-11 of the Code of Alabama 1975 to exempt all property used by the Alabama State Port Authority from the state personal property inventory and audit requirements. This change is part of a broader effort to update the existing code language to current style and make conforming changes. The bill also clarifies the types of property that are exempt, including livestock, agricultural products, and property owned or used by public educational institutions, as well as fire control equipment designated for donation to volunteer fire departments and hospitals operated by the Alabama Department of Mental Health.

In the revised language, several deletions and insertions are made to streamline the text. Notably, the phrase "There is hereby expressly" is removed, and the term "exempt" is emphasized. The bill specifies that the exemptions apply to various classes of property, including those related to the Alabama State Port Authority, which is newly included in the list of exempt entities. The act is set to take effect on October 1, 2025.

Statutes affected:
Introduced: 36-16-11
Enrolled: 36-16-11