HB355 Alabama 2011 Session

Summary

Primary Sponsor

Mike Hill

Republican

Session

Regular Session 2011

Title

Streamlined Sales and Use Tax Commission, established to develop, implement, and administer programs for compliance with federal Streamlined Sales and Use Tax Agreement (2011-20802)

Description

Under current law, several states have entered into a multi-state agreement to simplify the collection of sales taxes but there is currently no process or procedure in place for Alabama to come into compliance with the agreement.

This bill would establish the Alabama Streamlined Sales and Use Tax Commission to develop, implement, and administer the programs necessary to come into compliance with the Streamlined Sales and Use Tax Agreement in the event that Alabama becomes a participating member of the agreement. This bill would also provide for the commission to serve as the single entity administrator for the collection of sales and use tax in the event that Alabama becomes a participating member of the agreement.

This bill would also require the commission to research Alabama's existing tax laws to identify what changes in existing law will be necessary in order to bring Alabama in compliance with the agreement in the event that federal legislation adopting the agreement becomes law and to report those findings to the Legislature by the third legislative day of the first regular session following the enactment of federal legislation implementing the agreement.

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Subjects

Taxation