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AL HB170
Bill
Status
1/12/2010
Primary Sponsor
Jack Collier
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AI Summary
HB170 Summary
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Amends Section 40-23-62 of the Code of Alabama 1975 to clarify the sales and use tax exemption for watercraft by adding explicit language regarding items required by the U.S. Coast Guard.
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Exempts machinery and equipment required by the United States Coast Guard in the operation of watercraft that become component parts of ships, vessels, towing vessels, barges, drilling ships, rigs, seismic or geophysical vessels, and commercial fishing vessels of over five tons load displacement.
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Applies the exemption to vessels registered with the U.S. Coast Guard and licensed by the State of Alabama Department of Conservation and Natural Resources.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Watercraft, sales and use tax, tax exemption clarified for items required by U. S. Coast Guard in the operation of, Sec. 40-23-62 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Education Appropriations
1/12/2010