HB 355 Summary

• Establishes the Alabama Streamlined Sales and Use Tax Commission with 10 members representing municipal government (2), county government (2), Department of Revenue (4), retail community (1), and business community (1).

• Directs the commission to identify and develop procedures and programs necessary for Alabama to comply with the Streamlined Sales and Use Tax Agreement if federal legislation adopting the agreement becomes law.

• Requires the commission to submit a preliminary implementation plan within 3 months of its first meeting and a final written report to the Legislature by the fifth legislative day of the 2012 Regular Session.

• Mandates the commission research existing Alabama tax laws to identify necessary changes for compliance and submit final recommendations to the Legislature within three legislative days of federal legislation implementing the agreement becoming law.

• Provides that commission recommendations shall not be implemented unless ratified by the Legislature and federal legislation adopting the Streamlined Sales and Use Tax Agreement becomes law.