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AL HB242
Bill
Status
3/27/2018
Primary Sponsor
David Sessions
Click for details
AI Summary
HB242 Summary
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Modifies the sales tax exemption for fruit and agricultural products to apply when sellers have "planted or cultivated and harvested" (rather than requiring all three actions) the products, provided the land is owned or leased by the seller.
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Incorporates all sales tax exemptions enumerated in Sections 40-23-4(a) and 40-23-4.1 into the use tax law by reference in Section 40-23-62, creating consistency between sales and use tax exemptions.
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Makes technical amendments to Section 40-23-62 to reorganize existing use tax exemptions and ensure parallel treatment with corresponding sales tax exemptions.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Sales and use taxes, exemption for sale of fruit and agricultural products further provided for, all sales tax exemptions incorporated in use tax, Secs. 40-23-4, 40-23-62 am'd.
Taxation
Last Action
Forwarded to Governor on March 27, 2018 at 6:09 p.m. on March 27, 2018.
3/27/2018