SB86 Summary

• Allows the Department of Revenue to initiate monthly distributions of simplified sellers use tax proceeds to counties and municipalities, replacing the existing six-month deferral restriction.

• Establishes an 8 percent simplified sellers use tax rate collected by eligible out-of-state sellers on tangible personal property and services delivered into Alabama, relieving both sellers and purchasers from additional state and local sales taxes.

• Requires eligible sellers to report and remit simplified sellers use tax electronically by the 20th day of the following month with only statewide totals, without location-specific or locality-level reporting requirements.

• Authorizes the Department of Revenue to disclose names of participating eligible sellers along with their program participation start dates and, if applicable, cease dates.

• Authorizes the Department of Revenue to require reporting of retail sales and customer notifications when sellers do not collect sales, use, or simplified sellers use tax on Alabama transactions, with penalties under Section 40-2A-11.