SB254 Alabama 2011 Session
Summary
- Primary Sponsor
-
William “Bill” M. Beasley SenatorDemocrat - Co-Sponsors
- Tom WhatleyBryan TaylorGerald O. DialClay ScofieldPhillip W. WilliamsGreg J. ReedRoger Bedford, Jr.Rusty GloverPaul SanfordMark Slade Blackwell
- Session
- Regular Session 2011
- Title
- Sales tax, estimated payments, average monthly tax liability threshold increased, Sec. 40-23-7 am'd.
- Description
Under existing law, any taxpayer liable for the payment of state sales taxes whose average monthly tax liability was one thousand dollars ($1,000) or greater during the preceding calendar year must make estimated monthly payments to the Department of Revenue based on the actual tax liability for the same calendar month of the preceding year.
This bill would increase the average monthly tax liability threshold for a taxpayer to be required to make estimated payments to two thousand five hundred dollars ($2,500) or greater.
- Subjects
- Taxation
Bill Actions
Pending third reading on day 16 Favorable from Finance and Taxation Education with 1 amendment
Indefinitely Postponed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature