Supplement: AL SB13 | 2022 | Regular Session | SB13 for Finance and Taxation Education
Bill Title: Taxation, sales and use tax exemptions for bullion, bullion defined further, sales and use tax exemption extended, reporting requirements waived for certain recipients of tax exemption, Sec. 40-9-61, 40-23-4 am'd.
Status: 2022-04-07 - Finance and Taxation Education first Amendment Offered [SB13 Detail]
Download: Alabama-2022-SB13-SB13_for_Finance_and_Taxation_Education.html
| Committee: Finance and Taxation Education | Sponsor: Melson |
| Analyst: Bryan Young | Date: 02/16/2022 |
FISCAL NOTE
Senate Bill 13 as introduced would decrease potential receipts to the Education Trust Fund, State General Fund, county funds and municipal funds, by an undetermined amount, by extending the current sales and use tax exemption on bullion or money for an additional five years.
In addition, this bill provides that any person or company receiving the exemption provided by this bill is not required to file a report regarding this exemption with the Department of Revenue.
As amended and reported by the Committee on Finance and Taxation Education, would decrease potential receipts to the Education Trust Fund, State General Fund, county funds and municipal funds, by an undetermined amount, by extending the current sales and use tax exemption on bullion or money for an additional five years.
| Arthur Orr, Chairperson Finance and Taxation Education |
