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AL SB109
Bill
Status
2/7/2017
Primary Sponsor
Paul Sanford
Click for details
AI Summary
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Amends Section 40-23-194 of the Code of Alabama 1975 to modify the discount allowed to eligible sellers under the Simplified Seller Use Tax Remittance Act.
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Limits the two percent discount on simplified sellers use tax to a maximum of $400 per month per eligible seller.
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Maintains the requirement that sellers must properly collect and timely remit taxes to the department to qualify for any discount.
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Authorizes the department to prescribe rules for administering the discount and disallows discounts for taxes not timely reported and remitted.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Taxes, sales and use, Simplified Sellers Use Tax, discount, limited to certain amount per month, Sec. 40-23-194 am'd.
Taxation
Last Action
Indefinitely Postponed
5/17/2017