HB295 Alabama 2013 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Alan Boothe
Republican
Co-Sponsor: Lesley Vance
Session: Regular Session 2013
Title: Sales tax, estimated payments, average monthly tax liability threshold increased, Sec. 40-23-7 am'd.
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.
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.
Subjects: Taxation

Read for the first time and referred to the House of Representatives committee on Ways and Means Education