HB125 Summary

• Amends Section 40-23-210, Code of Alabama 1975, to add energy efficient products to the annual sales tax holiday exemption.

• Energy efficient products qualifying for the exemption include furnaces, water heaters, natural gas tankless water heaters, dishwashers, clothes washers, air conditioners, ceiling fans, incandescent or fluorescent light bulbs, dehumidifiers, programmable thermostats, refrigerators, and computer monitors.

• Products must have a sales price of $1,500 or less per product and be purchased for noncommercial home or personal use to qualify for the sales and use tax exemption.

• Energy efficient products must be designated by the U.S. Environmental Protection Agency and U.S. Department of Energy as meeting or exceeding energy saving efficiency requirements, or designated under each agency's Energy Star program.

• The act becomes effective immediately upon passage and approval by the Governor, or upon otherwise becoming law.