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AL HB587
Bill
Status
4/30/2015
Primary Sponsor
Terri Collins
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AI Summary
HB587 Summary
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Repeals Alabama's existing excise tax on lubricating oil by eliminating Sections 40-17-170 through 40-17-225 of the Code of Alabama 1975.
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Amends sales tax law (Section 40-23-4) to replace the lubricating oil excise tax with collection of sales tax on lubricating oil products instead.
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Changes the reference in sales tax exemptions from "lubricating oil and gasoline" to gasoline only (Section 40-17-322), thereby removing the lubricating oil exemption.
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Makes conforming amendments to Sections 40-17-182 and 40-23-62 to align with the shift from excise tax to sales tax treatment of lubricating oil.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Taxation, lubricating oil products, excise tax, Secs. 40-17-170, 40-17-171, 40-17-172, 40-17-173, 40-17-175, 40-17-176, 40-17-177, 40-17-178, 40-17-179, 40-17-180, 40-17-185, 40-17-186, 40-17-220, 40-17-221, 40-17-223, 40-17-225 repealed; Secs. 40-17-182, 40-23-4, 40-23-62 am'd.
Taxation
Last Action
Indefinitely Postponed
6/3/2015