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.
Forwarded to Governor on February 27, 2018 at 4:00 p.m. on February 27, 2018
Assigned Act No. 2018-164.
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 443
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Motion to Read a Third Time and Pass adopted Roll Call 349
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Source: Alabama Legislature