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
<p class="bill_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</p><p class="bill_description">
Certain products and business activities are exempt
from the imposition of the taxes</p><p class="bill_description">
This bill would provide that certain metal
held for investment purposes shall be exempt from
the sales and use tax</p><p class="bill_entitled_an_act"> 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.
</p>
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 - Introduced |
| Bill Text | HB401 Alabama 2012 Session - Engrossed |
| Bill Text | HB401 Alabama 2012 Session - Enrolled |