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HB401 Alabama 2012 Session

Updated Jul 25, 2021
HB401 Alabama 2012 Session
House Bill
Enacted
Current Status
Regular Session 2012
Session
16
Sponsors

Summary

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.

Subjects
Sales and Use Tax

Bill Actions

Delivered to Governor at 11:45 a. m. on May 9, 2012.

Assigned Act No. 2012-395.

Clerk of the House Certification

Signature Requested

Enrolled

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 1196

Third Reading Passed

Read for the second time and placed on the calendar

Read for the first time and referred to the Senate committee on Job Creation and Economic Development

Engrossed

Cosponsors Added

Motion to Read a Third Time and Pass adopted Roll Call 817

Motion to Adopt adopted Roll Call 816

Economic Development and Tourism first Substitute Offered

Third Reading Passed

Read for the second time and placed on the calendar with 1 substitute and

Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism

Bill Text

Votes

Cosponsors Added

April 18, 2012 House Passed
Yes 39
Abstained 4
Absent 62

Motion to Read a Third Time and Pass

April 18, 2012 House Passed
Yes 94
Absent 11

Documents

Source: Alabama Legislature