HB410 Alabama 2021 Session
Bill Summary
Under existing law, the gross receipts from the sale of parts, components, and systems that become a part of a fixed or rotary wing military aircraft and that satisfy other criteria are exempt from taxation until May 30, 2022.
This bill would extend the tax exemption until May 30, 2032, and would delete language providing for its extension by joint resolution.
Relating to taxation; to amend Section 40-23-4, Code of Alabama 1975, as amended by Act 2019-444 of the 2019 Regular Session, to extend the tax exemption for gross receipts from the sale of certain parts, components, and systems that become part of certain military aircraft; and to delete language providing for extension of the tax credit by joint resolution.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2021 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| April 1, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 624 |
| April 1, 2021 | H | Third Reading Passed |
| February 24, 2021 | H | Read for the second time and placed on the calendar |
| February 11, 2021 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB410 Alabama 2021 Session - Introduced |
Source: Alabama Legislature