AL HB414

Adds Section 40-23-62.1 to the Code of Alabama 1975 to exempt advertising agencies from use tax on printed materials purchased from out-of-state printers.

Exemption applies when the advertising agency does not furnish a list of recipient names to the printer for mailing purposes.

Clarifies existing law and applies retroactively to all open tax periods and periods where preliminary or final tax assessments could be entered.

No refunds shall be issued for tax periods prior to the effective date of this act.

Becomes effective on the first day of the third month following passage and approval by the Governor.