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AL SB288
Bill
Status
3/2/2021
Primary Sponsor
Shay Shelnutt
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AI Summary
SB288 Summary
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Amends Section 11-51-90.1 of the Alabama Code to modify the definition of "gross receipts" for municipal business license tax calculations.
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Allows businesses paying a municipal business license tax based on gross receipts to exclude any excise tax imposed by federal, state, or local governments from their gross receipts calculation.
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Excise taxes are added to the existing list of deductions from gross receipts, which already included consumer taxes collected on behalf of taxing jurisdictions and certain other specific items.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Municipalities, business license tax on gross receipts, gross receipts not to include any other taxes on gasoline or motor fuels, Sec. 11-51-90.1 am'd.
Municipalities
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
3/2/2021