SB345 Alabama 2016 Session
Bill Summary
Under existing law, the gross proceeds from certain products are exempt from rental, sales, and use taxes
This bill would exempt from rental, sales, and use taxes the gross proceeds from the rental or sale of products transferred electronically acquired with less than the right of permanent use granted by the seller or use which is conditioned upon continued payment from the purchaser
To amend Sections 40-12-223, 40-23-4, and 40-23-62, Code of Alabama 1975, relating to exemptions from rental, sales, and use taxes; to exempt from rental, sales, and use taxes the gross proceeds of the rental or sale of products transferred electronically acquired with less than the right of permanent use granted by the seller or use which is conditioned upon continued payment from the purchaser.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 10, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB345 Alabama 2016 Session - Introduced |