HB201 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Taxation, financial institution excise tax, repeal of sales tax credit allowed, Sec. 40-16-8 repealed
Description
Under current law, taxpayers subject to the financial institution excise tax are allowed a credit for sales and use taxes paid by the financial institution
This bill would repeal the sales tax credit allowed on the financial institution excise tax return
To repeal section 40-16-8, Code of Alabama 1975, relating to Financial Institution Excise Tax exemptions and credits, in its entirety.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 10, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 1, 2015 | Room 617 at 13:30 | House W&MGF Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB201 Alabama 2015 Session - Introduced |