SB46 Alabama 2014 Session

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Bill Summary

Session

Regular Session 2014

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.

To amend Section 40-23-7, Code of Alabama 1975, regarding the collection of state sales taxes, to increase the average monthly tax liability for a taxpayer to be required to make estimated state sales tax payments from $1,000 or greater to $2,500 or greater.

Subjects

Taxation

Bill Actions

Action Date	Chamber	Action
February 26, 2014	H	Pending third reading on day 19 Favorable from Ways and Means Education with 1 amendment
February 26, 2014	H	Ways and Means Education first Amendment Offered
February 26, 2014	H	Read for the second time and placed on the calendar 1 amendment
January 21, 2014	H	Read for the first time and referred to the House of Representatives committee on Ways and Means Education
January 21, 2014	S	Engrossed
January 16, 2014	S	Motion to Read a Third Time and Pass adopted Roll Call 26
January 16, 2014	S	Taylor motion to Adopt adopted Roll Call 25
January 16, 2014	S	Finance and Taxation General Fund Amendment Offered
January 16, 2014	S	Third Reading Passed
January 15, 2014	S	Read for the second time and placed on the calendar 1 amendment
January 14, 2014	S	Read for the first time and referred to the Senate committee on Finance and Taxation General Fund