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AL HB466
Bill
Status
5/11/2023
Primary Sponsor
Chris Blackshear
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AI Summary
HB466 Summary
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Amends Alabama Code Section 11-51-90.1 to modify the definition of "gross receipts" for municipal business license tax calculations.
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Allows businesses paying municipal business license taxes based on gross receipts to deduct any excise taxes imposed by federal, state, and local governments from their gross receipts.
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Clarifies that excise taxes, whether called excise taxes or license fees, are excluded from gross receipts used to calculate municipal business license tax liability.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Relating to municipalities; to amend Section 11-51-90.1, Code of Alabama 1975, relating to the municipal business license tax; to specify that the definition of gross receipts does not include any excise tax imposed by the federal, state, and local governments.
Last Action
Introduced and Referred to House Ways and Means Education
5/11/2023