HB349 Alabama 2016 Session

Under existing law, the gross proceeds from certain products are exempt from rental, sales, and use taxes.

This bill would exempt from rental, sales, and use taxes the gross proceeds from the rental or sale of products transferred electronically acquired with less than the right of permanent use granted by the seller or use which is conditioned upon continued payment from the purchaser.

To amend Sections 40-12-223, 40-23-4, and 40-23-62, Code of Alabama 1975, relating to exemptions from rental, sales, and use taxes; to exempt from rental, sales, and use taxes the gross proceeds of the rental or sale of products transferred electronically acquired with less than the right of permanent use granted by the seller or use which is conditioned upon continued payment from the purchaser.