HB23 Alabama 2014 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Kurt Wallace
Republican
Session: Regular Session 2014
Title: Auctions, required to report certain transactions, Sec. 34-4-55 added; Sec. 34-4-7 am'd.
Summary: HB23 would require auction business owners to keep records of all sales over $100 and share them with law enforcement, with penalties for noncompliance.
What This Bill Does
It adds a new requirement that the owner of an auction business must maintain a correct record of all goods sold for more than $100 and make that record available to the appropriate law enforcement agency. The records must be an accurate copy of the entries made for the goods sold. It sets penalties of up to $1,000 per violation for willful violations and provides an exemption from certain criminal penalties under the existing auction chapter for violations of this new requirement.

Who It Affects
Owners of auction businesses or auctioneering businesses who must maintain and provide the records.
Law enforcement agencies that will receive the records for potential review or investigation.

Key Provisions
Adds Section 34-4-55 requiring the owner to maintain a correct record of all goods sold at auction for more than $100.
Requires the owner to make available to the appropriate law enforcement agency a correct record of the described transactions.
Imposes a penalty of up to $1,000 for each willful violation of the new section.
Amends the existing penalties in Section 34-4-7 to exempt violations of the new Section 34-4-55 from the general criminal penalties, and sets an effective date for the act.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Auctions and Auctioneers