HB410 Alabama 2021 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Taxation, sale of certain military aircraft parts, exemption extended, Sec. 40-23-4 am'd.
Description
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.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 24, 2021 | H | Pending third reading on day 9 Favorable from Ways and Means Education |
| 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 Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 24, 2021 | Room 200 at 08:45 | House W&ME Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB410 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - HB410 for Ways and Means Education |