HB162 Alabama 2021 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Lease tax exemptions, to allow lessor to pass lease tax on to lessee, with exceptions, to provide for a lease tax exemption for lease transactions lasting 180 days or more with certain entities, and make technical revisions to code, Secs. 40-12-222, 40-12-223 am'd.
Description
<p class="bill_description"> 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</p><p class="bill_description">
This bill would also remove a restriction
that a lessor may not pass a lease tax on to a
lessee except under certain circumstances</p><p class="bill_description">
This bill would also make nonsubstantive,
technical revisions to update the existing code
language to current style</p><p class="bill_entitled_an_act"> Relating to lease tax exemptions; to amend Section
40-12-222, as last amended by Act 2019-89, 2019 Regular
Session, and Section 40-12-223, Code of Alabama 1975; to
remove the restriction that a lessor may not pass a lease tax
on to a lessee except under certain circumstances; to provide
a lease exemption for a lease transaction that lasts for a
period of at least 180 days and involves certain entities; and
to make nonsubstantive, technical revisions to update the
existing code language to current style.
</p>
Subjects
Lease Tax
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 7, 2021 | H | Delivered to Governor at 2:45 p.m. on April 7, 2021. |
| April 7, 2021 | H | Assigned Act No. 2021-221. |
| April 7, 2021 | H | Clerk of the House Certification |
| April 7, 2021 | S | Signature Requested |
| April 6, 2021 | H | Enrolled |
| April 6, 2021 | H | Passed Second House |
| April 6, 2021 | S | Motion to Read a Third Time and Pass adopted Roll Call 801 |
| April 6, 2021 | S | Third Reading Passed |
| March 3, 2021 | S | Read for the second time and placed on the calendar |
| February 23, 2021 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
| February 23, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 103 |
| February 23, 2021 | H | Third Reading Passed |
| February 3, 2021 | H | Read for the second time and placed on the calendar |
| February 2, 2021 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 3, 2021 | Room 825 at 14:00 | Senate F&TG Hearing |
| Hearing | February 3, 2021 | Room 617-AMENDED 2-2-21 at 13:30 | House W&MGF Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB162 Alabama 2021 Session - Introduced |
| Bill Text | HB162 Alabama 2021 Session - Enrolled |
| Fiscal Note | Fiscal Note - HB162 for Ways and Means General Fund |
| Fiscal Note | Fiscal Note - HB162 for Finance and Taxation General Fund |