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AL SB272
Bill
Status
2/18/2016
Primary Sponsor
Gerald Dial
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AI Summary
SB272 Summary
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Increases Alabama state sales and use tax general rate to 4.5% on September 1, 2016 and to 5% on September 1, 2017.
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Reduces state sales and use tax on food by 2 percentage points per year beginning September 1, 2016, resulting in 2% tax rate on food for that period.
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Exempts food sales from state sales and use taxes entirely beginning September 1, 2017, using federal Supplemental Nutrition Assistance Program definition to define "food."
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Directs Legislature to review results during 2018 Regular Session and make necessary adjustments to ensure the act remains revenue neutral.
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Takes effect on the first day of the third month following passage and Governor approval.
Legislative Description
State sales and use tax increased, phase-in period, sales and use tax on food phased out, exempt by 2017, 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
2/18/2016