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AL SB200
Bill
Status
4/11/2023
Primary Sponsor
Jack Williams
Click for details
AI Summary
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Adds a new exemption to Alabama sales tax for fencing materials used in agriculture livestock applications, including t-posts, wood posts, barbed wire, net wire, smooth wire, standard metal gates, and similar materials.
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Amends Section 40-23-4 of the Alabama Code to include this fencing materials exemption as subdivision (55) of the existing sales tax exemptions.
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Violations of the exemption provisions are punishable by fines of $500 to $2,000 and imprisonment of 6 months to 1 year in county jail.
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The act becomes effective on the first day of the third month following its passage and approval by the Governor.
Legislative Description
Relating to sales tax exemptions; to amend Section 40-23-4, Code of Alabama 1975, as last amended by Act 2022-199, Act 2022-291, Act 2022-293, and Act 2022-373, 2022 Regular Session, to exempt from sales tax the gross proceeds from the sale of materials to be used as fencing in agriculture livestock applications.
Tax exemption, to provide sales tax exemption for livestock fencing
Last Action
Introduced and Referred to Senate Finance and Taxation Education
4/11/2023