SB253 Alabama 2018 Session
Bill Summary
Under existing law, any person making retail sales of tangible personal property is required to obtain a license from the Department of Revenue
The licensee is required to collect sales tax from its customers and hold these taxes in trust for the state. The licensee must remit these taxes to the Department of Revenue as they become due
This bill will require certain businesses registering for a new sales tax license or renewing an expired or cancelled license to acquire a one-time surety bond for a two year period and require certain existing licensees who become non-compliant to purchase and maintain a one-time surety bond for a two year period in order to ensure that the trust fund taxes collected by a licensee are received by the state
To amend Section 40-23-6, Code of Alabama 1975, relating to the license required to engage in business; to require a one-time surety bond for a two year period for certain licensees.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 22, 2018 | S | Pending third reading on day 15 Favorable from Finance and Taxation General Fund |
| February 22, 2018 | S | Read for the second time and placed on the calendar |
| January 30, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 21, 2018 | Room 727 at 09:30 | Senate F&TG Hearing |
| Hearing | April 19, 2017 | Room 123 at 15:00 | House C&SB Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB253 Alabama 2018 Session - Introduced |