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AL SB191
Bill
Status
1/16/2018
Primary Sponsor
Thomas Whatley
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AI Summary
SB191 Summary
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Modifies the sales tax exemption for fruit and agricultural products to apply when sold by the person or corporation that "planted or cultivated and harvested" the products (removing requirement to have done all three), provided the land is owned or leased by the seller.
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Incorporates all existing sales tax exemptions enumerated in Sections 40-23-4 and 40-23-4.1 into the use tax law by reference in Section 40-23-62.
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Addresses inconsistency between sales tax and use tax exemptions by applying the same exemptions to both tax types.
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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
Pending third reading on day 17 Favorable from Finance and Taxation Education
3/1/2018