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
This bill would provide that the sale or the use of agricultural machinery and equipment would be exempt from state sales or use tax
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.
|January 14, 2014||H||Read for the first time and referred to the House of Representatives committee on Ways and Means Education|
|Bill Text||HB86 Alabama 2014 Session - Introduced|