This bill would provide for a lease tax exemption for a lease transaction that lasts for a period of at least 180 days and involves certain entities.
This bill would also remove a restriction that a lessor may not pass a lease tax on to a lessee except under certain circumstances.
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.
Delivered to Governor at 2:45 p.m. on April 7, 2021.
Assigned Act No. 2021-221.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 801
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 General Fund
Motion to Read a Third Time and Pass adopted Roll Call 103
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 General Fund
Source: Alabama Legislature