SB299 Alabama 2018 Session

Sponsors

Session

Regular Session 2018

Title

State sales and use tax increased, phase-in period, sales and use tax on food phased out, exempt by 2021, counties and municipalities prohibited from increasing sales tax on food, Secs. 40-23-2, 40-23-61 am'd.

Description

<p class="bill_description"> Under existing law, the state imposes sales or use taxes upon certain persons, firms, or corporations. Sales of certain items are taxed at a reduced rate. Sales of other items are exempt from the taxes</p><p class="bill_description"> This bill would increase the state sales and use tax general rate to four and one-quarter percent on September 1, 2018, to four and one-half percent on September 1, 2019, to four and three-quarters percent on September 1, 2020, and to five percent on September 1, 2021</p><p class="bill_description"> This bill would phase out the state sales and use taxes on food over a four-year period by reducing the rates by one percentage point per year beginning September 1, 2018</p><p class="bill_description"> This bill would exempt sales of food from the sales and use taxes beginning September 1, 2021</p><p class="bill_entitled_an_act"> To amend Sections 40-23-2 and 40-23-61, Code of Alabama 1975, to increase the state sales and use tax general rates to four and one-quarter percent on September 1, 2018, to four and one-half percent on September 1, 2019, to four and three-quarters percent on September 1, 2020, and to five percent on September 1, 2021; to phase out the state sales and use taxes on food by reducing the rates by one percentage point per year beginning September 1, 2018; to exempt sales of food from the sales and use taxes beginning September 1, 2021. </p>

Subjects

Taxation