HB238 Alabama 2017 Session

In Committee

Bill Summary

Sponsors

Lynn Greer

Session

Regular Session 2017

Title

Taxation, sales and use tax exemptions, exempt proceeds from sale of gold, silver, and platinum bullion and coins, Secs. 40-23-4, 40-23-62 am'd.

Description

Currently, the State of Alabama imposes a sales and use tax on the gross proceeds from the sale of gold, silver, and platinum bullion and coins.

This bill will exempt the gross proceeds from the sale of gold, silver, and platinum bullion and coins from sales and use tax in the state.

To amend Sections 40-23-4 and 40-23-62, Code of Alabama 1975, relating to sales and use tax exemptions, to exempt the gross proceeds from the sales of gold, silver, and platinum bullion and coins from sales and use tax.

Subjects

Sales and Use Tax

Bill Actions

Action Date	Chamber	Action
May 16, 2017	H	Indefinitely Postponed
April 5, 2017	H	Pending third reading on day 16 Favorable from Ways and Means Education with 1 substitute and 1 amendment
April 5, 2017	H	Ways and Means Education first Substitute Offered
April 5, 2017	H	Read for the second time and placed on the calendar with 1 substitute and 1 amendment
February 15, 2017	H	Read for the first time and referred to the House of Representatives committee on Ways and Means Education

Bill Text

Download HB238 Alabama 2017 Session PDF

Bill Documents