HB19 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Sales and use taxes, exemption for sales of gold bullions, money, etc, Secs. 40-23-4, 40-23-62 am'd.
Description
Currently, sales and use tax is imposed on the gross proceeds from the sale of gold, silver, platinum, and palladium bullion, and money.
This bill will exempt the gross proceeds from the sale of gold, silver, platinum, and palladium bullion, and money from the sales and use tax in the state for five years.
To amend Sections 40-23-4 and 40-23-62, Code of Alabama 1975, as amended by Act 2017-397 of the 2017 Regular Session, relating to sales and use tax exemptions, to exempt the gross proceeds from the sales of gold, silver, platinum, and palladium bullion, and money from sales and use tax for five years.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 25, 2018 | H | Pending third reading on day 7 Favorable from Ways and Means Education with 1 amendment |
| January 25, 2018 | H | Ways and Means Education first Amendment Offered |
| January 25, 2018 | H | Read for the second time and placed on the calendar 1 amendment |
| January 9, 2018 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB19 Alabama 2018 Session - Introduced |
Source: Alabama Legislature