HB442 Alabama 2021 Session

Sponsors

Session

Regular Session 2021

Title

State sales and use tax increased, phase-in period, sales and use tax on food phased out, exempt by 2007, 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 phase out the state sales and use taxes on food by reducing the rates by one percentage point over a four-part reduction schedule beginning October 1, 2021</p><p class="bill_description"> This bill would exempt sales of food from the sales and use taxes beginning October 1, 2025</p><p class="bill_entitled_an_act"> To phase out the state sales and use taxes on food by reducing the rates by one percentage point over a four-part reduction schedule beginning October 1, 2021; and to exempt sales of food from the sales and use taxes beginning October 1, 2025. </p>

Subjects

Taxation