SB245 Alabama 2015 Session
Summary
- Primary Sponsor
Arthur OrrSenatorRepublican- Session
- Regular Session 2015
- Title
- Sales tax, entities exempt required to initially pay sales tax and later seek refund of exempted state tax amounts, Department of Revenue authorized to promulgate rules
- Description
Currently, entities which are exempt from the payment of the state of Alabama sales tax receive exemption from the state of Alabama sales tax at purchase. Also, entities that are exempt from the payment of the state of Alabama sales tax are not required to submit an annual return with the Department of Revenue providing information regarding exempt purchases.
This bill would require entities that are exempt from the payment of the state of Alabama sales tax to pay the state of Alabama sales tax at time of purchase and allow such entities to file an annual return with the Department of Revenue to receive a refund of only the state of Alabama sales tax eligible for exemption.
- Subjects
- Tax Exemptions
Bill Actions
Orr motion to Rerefer a Bill adopted Voice Vote
Referred to Committee
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Bill Text
Documents
Source: Alabama Legislature