HB86 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Agricultural equipment and machinery, sales and use tax exempt, Sec. 40-23-38, 40-23-64 repealed; Sec. 40-23-37, 40-23-63 am'd.
Description
<p class="bill_description"> Under existing law, a sales and use tax of
1.5 percent is levied by the state on the sale or
the use of agricultural machinery and equipment</p><p class="bill_description">
This bill would provide that the sale or the
use of agricultural machinery and equipment would
be exempt from state sales or use tax</p><p class="bill_entitled_an_act"> Relating to agriculture; to amend Sections 40-23-37
and 40-23-63 of the Code of Alabama 1975, to provide that the
sale or the use, storage, and consumption of agricultural
machinery and equipment for use on a farm would be exempt from
state sales and use tax; and to repeal Sections 40-23-38 and
40-23-64 of the Code of Alabama 1975, relating to the
administration of sales and use tax on agricultural machinery
and equipment.
</p>
Subjects
Agriculture
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 14, 2014 | H | 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 | HB86 Alabama 2014 Session - Introduced |