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Taxation, financial institution excise tax, repeal of sales tax credit allowed, Sec. 40-16-8 repealed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
<p class="bill_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</p><p class="bill_description">
This bill would repeal the sales tax credit
allowed on the financial institution excise tax
return</p><p class="bill_entitled_an_act"> To repeal section 40-16-8, Code of Alabama 1975,
relating to Financial Institution Excise Tax exemptions and
credits, in its entirety.
</p>
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 |