HB401 Alabama 2012 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Taxation, exemption from sales and use tax for metal sold for investment purposes, Secs. 40-23-4, 40-23-62 am'd (2012-20369)
Description
Under existing law, the State of Alabama levies a sales and use tax on the sale and use of certain products and services and activities
Certain products and business activities are exempt from the imposition of the taxes
This bill would provide that certain metal held for investment purposes shall be exempt from the sales and use tax
To amend Sections 40-23-4 and 40-23-62, Code of Alabama 1975, relating to sales and use tax exemptions; to provide certain metal held for investment purposes shall be exempt from the sales and use tax.
Subjects
Sales and Use Tax
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Delivered to Governor at 11:45 a. m. on May 9, 2012. | |
| May 9, 2012 | Assigned Act No. 2012-395. | |
| May 9, 2012 | Clerk of the House Certification | |
| May 9, 2012 | Signature Requested | |
| May 8, 2012 | Enrolled | |
| May 8, 2012 | Passed Second House | |
| May 8, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1196 | |
| May 8, 2012 | Third Reading Passed | |
| April 24, 2012 | Read for the second time and placed on the calendar | |
| April 17, 2012 | Read for the first time and referred to the Senate committee on Job Creation and Economic Development | |
| April 17, 2012 | Engrossed | |
| April 17, 2012 | Cosponsors Added | |
| April 17, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 817 | |
| April 17, 2012 | Motion to Adopt adopted Roll Call 816 | |
| April 17, 2012 | Economic Development and Tourism first Substitute Offered | |
| April 17, 2012 | Third Reading Passed | |
| March 8, 2012 | Read for the second time and placed on the calendar with 1 substitute and | |
| February 23, 2012 | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB401 Alabama 2012 Session - Enrolled |
| Bill Text | HB401 Alabama 2012 Session - Engrossed |
| Bill Text | HB401 Alabama 2012 Session - Introduced |