SB24 Alabama 2016 Session

In Committee

Bill Summary

Sponsors

Tom Whatley

Session

Regular Session 2016

Title

Agricultural equipment and machinery, sales and use tax exempt, Sec. 40-23-38, 40-23-64 repealed; Sec. 40-23-37, 40-23-63 am'd.

Description

Under existing law, a sales and use tax of 1.5 percent is levied by the state on the sale or the use of agricultural machinery and equipment.

This bill would provide that the sale or the use of agricultural machinery and equipment would be exempt from state sales or use tax.

Relating to agriculture; to amend Sections 40-23-37 and 40-23-63 of the Code of Alabama 1975, to provide that the sale or the use, storage, and consumption of agricultural machinery and equipment for use on a farm would be exempt from state sales and use tax; and to repeal Sections 40-23-38 and 40-23-64 of the Code of Alabama 1975, relating to the administration of sales and use tax on agricultural machinery and equipment.

Subjects

Agriculture

Bill Actions

Action Date	Chamber	Action
February 2, 2016	S	Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download SB24 Alabama 2016 Session PDF

Bill Documents