SB56 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Gold and silver coins issued by federal government, legal tender in Alabama, sales and use tax liability for exchange of coins exempted from state tax, Legal Tender Act
Description
This bill would recognize gold and silver coin issued by the federal government as legal tender in the state and would exempt the exchange of such coin from certain types of state tax liability
To recognize gold and silver coin issued by the federal government as legal tender in this state and to provide that the exchange of gold and silver coin for another form of legal tender does not create certain income or sales tax liability.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Indefinitely Postponed | |
| February 23, 2012 | Read for the second time and placed on the calendar | |
| February 7, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB56 Alabama 2012 Session - Introduced |