SB253 Alabama 2018 Session

Summary

Primary Sponsor

Clyde Chambliss Senator

Republican

Session

Regular Session 2018

Title

Sales tax, licenses from Revenue Dept., two-year surety bond required with new or renewal sales tax license registration under certain conditions and certain non-compliant licenses, Sec. 40-23-6 am'd.

Description

Under existing law, any person making retail sales of tangible personal property is required to obtain a license from the Department of Revenue.

The licensee is required to collect sales tax from its customers and hold these taxes in trust for the state. The licensee must remit these taxes to the Department of Revenue as they become due.

This bill will require certain businesses registering for a new sales tax license or renewing an expired or cancelled license to acquire a one-time surety bond for a two year period and require certain existing licensees who become non-compliant to purchase and maintain a one-time surety bond for a two year period in order to ensure that the trust fund taxes collected by a licensee are received by the state.

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Subjects

Taxation