Motion to Read a Third Time and Pass Roll Call 766
Yes
26
Absent
8
SB218 Alabama 2021 Session
Updated Apr 17, 2021
SB218 Alabama 2021 Session
Senate Bill
Expired
Current Status
Regular Session 2021
Session
2
Sponsors
Summary
- Primary Sponsor
-
Tim Melson SenatorRepublican - Co-Sponsor
- Shay Shelnutt
- Session
- Regular Session 2021
- Title
- Taxation, sales and use tax exemptions for bullion, bullion defined further, sales and use tax exemption extended, reporting requirements waived for certain recipients of tax exemption, Sec. 40-9-61, 40-23-4 am'd.
- Description
Under existing law, the sale of gold, silver, platinum, and palladium bullion, or money is exempt from sales and use tax until June 1, 2023.
Also under existing law, entities receiving the tax exemption are required to report certain information to the Department of Revenue.
This bill would amend the definition of bullion, would extend the expiration date for the sales and use tax exemption, and repeal the reporting requirements.
- Subjects
- Bullion
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
S
Motion to Read a Third Time and Pass adopted Roll Call 766
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Votes
SBIR: Melson motion to Adopt Roll Call 765
Yes
25
Absent
9
Documents
Source: Alabama Legislature