HB17 Alabama 2024 Session

Summary

Primary Sponsor

Chris England Representative

Democrat

Session

Regular Session 2024

Title

Simplified sellers use tax, rate increased, distribution of proceeds.

Description

Under existing law, the state levies a simplified sellers use tax on eligible sellers that sell tangible personal property in Alabama, but are not otherwise required to collect and remit state and local sales or use taxes for sales delivered into the state.

The tax rate is eight percent of the sales price on any tangible personal property sold or delivered by an eligible seller participating in the program, and the proceeds of the tax are distributed 50 percent to the state and 50 percent to the local governments of the state.

This bill would increase the simplified sellers use tax rate and further provide for the distribution of the additional proceeds from the tax.

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Subjects

Taxation & Revenue