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AL HB109
Bill
Status
2/7/2012
Primary Sponsor
Patricia Todd
Click for details
AI Summary
HB109 Summary
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Increases state sales tax on automobiles, motorboats, truck trailers, semitrailers, and travel trailers from 2 percent to 4 percent, effective January 1, 2013.
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Increases state use tax on the same vehicles purchased outside the state from 2 percent to 4 percent, effective January 1, 2013.
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Revenue distribution: 58% of total tax generated deposited to Education Trust Fund; 42% deposited to State General Fund.
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Motor vehicle tax revenue designated for public transportation programs approved by the county where the fee was collected, including buses, light rail, and bike paths.
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Motorboat tax revenue split 50% to State General Fund and 50% to Education Trust Fund.
Legislative Description
Motor vehicles, sales tax increase, distribution for public transportation, Secs. 40-23-101, 40-23-102, 40-23-108 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
2/7/2012