HB480 Summary

• Amends Tuscaloosa County's sales and use tax statutes to clarify the application of taxes on machines used in mining, quarrying, compounding, processing, and manufacturing of coal effective March 1, 2020.

• Establishes a 9/16 percent tax rate on retail sales of coal mining machines under Section 3(e) and a 9/16 percent rate on use/consumption of such machines under Section 4(d).

• Provides that the county governing body may establish different tax rate categories for mining machines based on dollar volume, not to exceed the Maximum Rate specified in ordinances.

• Clarifies that exemptions and procedures incorporated from state sales and use tax statutes apply to the county taxes, with appeals handled by the county tax board rather than state procedures.

• Applies retroactively to March 1, 2020, and becomes effective immediately upon the Governor's approval.