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AL SB387
Bill
AI Summary
SB387 Summary
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Increases Alabama state sales and use tax general rate from 4% to 4.25% on September 1, 2012, to 4.5% on September 1, 2013, to 4.75% on September 1, 2014, and to 5% on September 1, 2015
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Phases out state sales and use tax on food over four years beginning September 1, 2012, reducing the food tax rate by one percentage point annually (3% in 2012, 2% in 2013, 1% in 2014)
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Exempts all food sales from state sales and use taxes beginning September 1, 2015
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Defines food according to the federal Supplemental Nutrition Assistance Program definition regardless of where or how food is sold
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Becomes effective on the first day of the third month following passage and approval by the Governor
Legislative Description
State sales and use tax increased, phase-in period, sales and use tax on food phased out, exempt by 2007, counties and municipalities prohibited from increasing sales tax on food, Secs. 40-23-2, 40-23-61 am'd.
Taxation
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
3/1/2012