AL HB258

Levies an additional simplified sellers use tax on tangible personal property sold by eligible sellers and marketplace facilitators participating in Alabama's Simplified Sellers Use Tax Remittance Program.

Tax rate calculated by Department of Revenue using formula: state sales tax rate plus average county and municipal sales tax rates minus the existing 8% simplified sellers use tax rate, rounded to nearest tenth percent.

Distributes all proceeds from new tax to municipalities (80% on prorated basis by population) and counties (20% on prorated basis by population) based on most recent federal census.

Rate recalculation required prior to September 1, 2029, then adjusted every five years thereafter in same manner.

Effective September 1, 2024, contingent upon enactment of separate House Bill regarding Alabama Adventure Awaits sales tax holiday.