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AL HB149
Bill
Status
3/5/2014
Primary Sponsor
Ronald Johnson
Click for details
AI Summary
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Removes the exception in Alabama sales tax law that currently requires full price tax on new automotive batteries when an old battery is traded in.
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After passage, sales tax on new automotive batteries will be calculated on the net price (new battery price minus the trade-in credit for the old battery), consistent with treatment of other automotive parts.
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Applies the same net difference pricing method already used for other automotive parts and vehicles to battery purchases.
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Becomes effective on the first day of the third month following passage and Governor approval.
Legislative Description
Sales tax, automotive batteries, sales tax to be due on the net price less any exchanges, Sec. 40-23-2 am'd.
Taxation
Last Action
Pending third reading on day 27 Favorable from Finance and Taxation Education
3/19/2014