SB156 Alabama 2018 Session
Signed by Governor
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 |
|---|---|---|
| February 27, 2018 | S | Forwarded to Governor on February 27, 2018 at 4:00 p.m. on February 27, 2018 |
| February 27, 2018 | S | Assigned Act No. 2018-164. |
| February 27, 2018 | S | Enrolled |
| February 27, 2018 | H | Signature Requested |
| February 27, 2018 | S | Passed Second House |
| February 22, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 443 |
| February 22, 2018 | H | Third Reading Passed |
| February 15, 2018 | H | Read for the second time and placed on the calendar |
| February 8, 2018 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| February 8, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 349 |
| February 8, 2018 | S | Third Reading Passed |
| February 1, 2018 | S | Read for the second time and placed on the calendar |
| January 11, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 14, 2018 | Room 200 at 09:00 | House W&ME Hearing |
| Hearing | January 31, 2018 | Room 727 **Public Hearing & Vote** at 10:30 | Senate F&TE Public Hearing |
| Hearing | February 15, 2017 | Room 325 at 13:00 | Senate JUDY Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB156 Alabama 2018 Session - Introduced |