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AL HB132
Bill
Status
4/25/2023
Primary Sponsor
Van Smith
Click for details
AI Summary
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Adds new Section 40-23-4.5 to the Code of Alabama 1975 to clarify sales and use tax treatment of certain agricultural products.
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Excludes products processed or produced under Chapter 2A of Title 20 from the producer value added agricultural product exemption.
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Applies to the exemption provided in Sections 40-23-1 and 40-23-4, as amended by the Sweet Grown Alabama Act 2022-291.
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Takes effect immediately upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Relating to sales and use tax; to add a new Section 40-23-4.5, Code of Alabama 1975, to exclude products under Chapter 2A of Title 20 from the producer value added sales and use tax exemption.
Taxation, producer value added products under Chapter 2A of Title 20 are excluded.
Last Action
Read Second Time in Second House
5/31/2023