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.
|January 11, 2022||H||Read for the first time and referred to the House of Representatives committee on Ways and Means Education|
|Bill Text||HB20 Alabama 2022 Session - Introduced|