HB540 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Sales tax, estimated payments, average monthly tax liability threshold increased, Sec. 40-23-7 am'd.
Description
<p class="bill_description"> Under existing law, any taxpayer liable for
the payment of state sales taxes whose average
monthly tax liability was $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</p><p class="bill_description">
This bill would increase the average monthly
tax liability threshold for a taxpayer to be
required to make estimated payments to $2,500 or
greater</p><p class="bill_entitled_an_act"> To amend Section 40-23-7, Code of Alabama 1975,
regarding the collection of state sales taxes, to increase the
average monthly tax liability for a taxpayer to be required to
make estimated state sales tax payments from $1,000 or greater
to $2,500 or greater.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 14, 2012 | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB540 Alabama 2012 Session - Introduced |