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AL SB241

Bill

Official Source

Status

Introduced

2/27/2020

Primary Sponsor

Vivian Figures

Click for details

Origin

Senate

Regular Session 2020

AI Summary

  • Eliminates the sales tax discount for taxes collected on or after September 1, 2020
  • Prohibits the Governor from authorizing any sales tax discount to license holders for taxes collected after September 1, 2020
  • Previously allowed discounts of up to 5% on the first $100 of taxes levied and 2% on taxes over $100 for timely filing and payment
  • Becomes effective immediately upon passage and approval by the Governor

Legislative Description

Taxation, Revenue Dept., sales tax, to discontinue the discount applicable to sales tax, Sec. 40-23-36 am'd.

Revenue Department

Last Action

Read for the first time and referred to the Senate committee on Finance and Taxation Education

2/27/2020

Committee Referrals

Finance and Taxation Education2/27/2020

Full Bill Text

No bill text available