SB363 Alabama 2021 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Taxation, sales tax revenue, distribution and expenditure of further provided, Sec. 40-23-35 am'd.
Description
Under existing law, the distribution of the revenues from the imposition of the sales tax discount are determined by a formula which could vary from year to year without a cap on the maximum amount. Any remainder is deposited into the General Fund
This bill would eliminate the formula and cap the revenues at a specific amount to provide more certainty as to the funds available for deposit into the state General Fund
Relating to taxation; to amend Section 40-23-35, Code of Alabama 1975, to further provide for the distribution and expenditure of the sales tax revenue.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 4, 2021 | S | Indefinitely Postponed |
| April 7, 2021 | S | Pending third reading on day 21 Favorable from Finance and Taxation General Fund with 1 amendment |
| April 7, 2021 | S | Read for the second time and placed on the calendar 1 amendment |
| March 30, 2021 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB363 Alabama 2021 Session - Introduced |
| Bill Amendments | Senate Finance and Taxation General Fund first Amendment Offered |
| Fiscal Note | Fiscal Note - SB363 for Finance and Taxation General Fund |