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 26, 2018 | S | Forwarded to Governor on February 27, 2018 at 4:00 p.m. on February 27, 2018 |
| February 26, 2018 | S | Assigned Act No. 2018-164. |
| February 26, 2018 | S | Enrolled |
| February 26, 2018 | H | Signature Requested |
| February 26, 2018 | S | Passed Second House |
| February 21, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 443 |
| February 21, 2018 | H | Third Reading Passed |
| February 14, 2018 | H | Read for the second time and placed on the calendar |
| February 7, 2018 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| February 7, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 349 |
| February 7, 2018 | S | Third Reading Passed |
| January 31, 2018 | S | Read for the second time and placed on the calendar |
| January 10, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB156 Alabama 2018 Session - Introduced |
Source: Alabama Legislature