HB77 Alabama 2023 Session

Summary

Primary Sponsor

Danny Garrett Representative

Republican

Session

Regular Session 2023

Title

Relating to sales tax; to amend Section 40-23-7, as last amended by Section 5 of Act 2022-53 of the 2022 Regular Session, Code of Alabama 1975, to provide for an increase in the amount of the average monthly sales tax liability for required estimated payments.

Description

Under existing law, a sales tax licensee whose average monthly state sales tax liability was $5,000 or greater during the preceding calendar year is required to make estimated payments.

This bill would increase the average monthly state sales tax liability threshold calculation to $20,000 or greater during the preceding calendar year for required estimated payments.

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Subjects

Sales tax; threshold for state sales tax liability requiring monthly estimated payments increased