HB349
the leased tangible personal property by the lessee, which right to purchase such property shall be exercisable solely at the option of the lessee; "c. The appropriate sales or use tax levied by the state shall have been paid with respect to the acquisition or use of the leased tangible personal property, or, alternatively, the acquisition or use of such property shall be exempt by law from such sales or use tax; "d. The leased tangible personal property shall be installed in or about an industrial plant or other real property that was specially constructed or modified for the location and use of such tangible personal property and that is owned, or considered to be owned for either Alabama or federal income tax purposes or both, by a corporation, partnership, or other entity controlled by, or under common control with, the lessee of such tangible personal property; and "e. The leased tangible property shall be used only by a lessee engaged in the iron and steel industry, and the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB349.htm - 64K - Match Info - Similar pages
SB213
in exchange for shares or other units that are publicly traded and represent fractional undivided beneficial interests in the trust's net assets but not to the extent that metal is transferred to or from the investment trust in exchange for consideration other than such publicly traded shares or other units. For purposes of this subdivision, the term metals includes, but is not limited to, copper, aluminum, nickel, zinc, tin, lead, and other similar metals typically used in commercial and industrial applications. "(48) For the period commencing on October 1, 2012, and ending May 30, 2022, unless extended by joint resolution, the gross receipts from the sale of parts, components, and systems that become a part of a fixed or rotary wing military aircraft or certified transport category aircraft that undergoes conversion, reconfiguration, or general maintenance so long as the address of the aircraft for FAA registration is not in the state; provided, however, that this exemption shall...
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SB345
the leased tangible personal property by the lessee, which right to purchase such property shall be exercisable solely at the option of the lessee; "c. The appropriate sales or use tax levied by the state shall have been paid with respect to the acquisition or use of the leased tangible personal property, or, alternatively, the acquisition or use of such property shall be exempt by law from such sales or use tax; "d. The leased tangible personal property shall be installed in or about an industrial plant or other real property that was specially constructed or modified for the location and use of such tangible personal property and that is owned, or considered to be owned for either Alabama or federal income tax purposes or both, by a corporation, partnership, or other entity controlled by, or under common control with, the lessee of such tangible personal property; and "e. The leased tangible property shall be used only by a lessee engaged in the iron and steel industry, and the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB345.htm - 64K - Match Info - Similar pages
SB242
173544-1:n:02/05/2016:LFO-HP*/bdl SB242 By Senator Pittman RFD Finance and Taxation Education Rd 1 16-FEB-16 SYNOPSIS: This bill updates the sales and use tax laws to provide for definitions of tangible personal property and digital goods. This bill also amends the definition of a wholesale sale to add clarification and consistency to the sales and use tax code. A BILL TO BE ENTITLED AN ACT Relating to sales and use tax definitions; to amend Sections 40-23-1, 40-23-2, 40-23-60, and 40-23-61 of the Code of Alabama 1975, to add and update definitions. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-23-1, 40-23-2, 40-23-60, and 40-23-61, Code of Alabama 1975 are hereby amended to read as follows: ยง40-23-1. "(a) For the purpose of this division, the following terms shall have the respective meanings ascribed by this section: "(1) PERSON or COMPANY. Used interchangeably, includes any individual, firm, copartnership, association, corporation, receiver, trustee, or any...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB242.htm - 47K - Match Info - Similar pages
SB272
174272-1:n:02/17/2016:LFO-HP/bdl SB272 By Senator Dial RFD Finance and Taxation Education Rd 1 18-FEB-16 SYNOPSIS: Under existing law, the state imposes sales or use taxes upon certain persons, firms, or corporations. Sales of certain items are taxed at a reduced rate. Sales of other items are exempt from the taxes. This bill would increase the state sales and use tax general rate to four and one-half percent on September 1, 2016 and to five percent on September 1, 2017. This bill would phase out the state sales and use taxes on food over a two-year period by reducing the rates by two percentage points per year beginning September 1, 2016. This bill would exempt sales of food from the sales and use taxes beginning September 1, 2017. A BILL TO BE ENTITLED AN ACT To amend Sections 40-23-2 and 40-23-61, Code of Alabama 1975, to increase the state sales and use tax general rates to four and one-half percent on September 1, 2016 and five percent on September 1, 2017; to phase out the state...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB272.htm - 19K - Match Info - Similar pages
HB208
172788-1:n:12/30/2015:JLB/tj LRS2015-3467 HB208 By Representative Ford RFD Economic Development and Tourism Rd 1 11-FEB-16 SYNOPSIS: Under existing law, lotteries and gift enterprises are prohibited by Section 65 of the Constitution of Alabama of 1901. This bill proposes an amendment to Section 65 of the Constitution of Alabama of 1901, to authorize and regulate gaming by an entity licensed by the county commission of the county in which the sponsor of the amendment resides and by the entities currently licensed to conduct pari-mutuel wagering at the four existing racetracks in Alabama where pari-mutuel wagering is currently legal; to levy a state gross receipts tax and a local gross receipts tax on gaming revenue of the entities; to levy a tax on vendors of gaming equipment; to provide for the disposition of state gaming tax proceeds; to create the Alabama Gaming Commission to implement, regulate, and administer gaming and regulate; to authorize the Governor to negotiate a compact for...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB208.htm - 22K - Match Info - Similar pages
HB278
172788-2:n:02/23/2016:JLB/tj LRS2015-3467R1 HB278 By Representative Ford RFD Economic Development and Tourism Rd 1 23-FEB-16 SYNOPSIS: Under existing law, lotteries and gift enterprises are prohibited by Section 65 of the Constitution of Alabama of 1901. This bill proposes an amendment to Section 65 of the Constitution of Alabama of 1901, to authorize and regulate gaming by an entity licensed by the county commission of the county in which the sponsor of the amendment resides and by the entities currently licensed to conduct pari-mutuel wagering at the four existing racetracks in Alabama where pari-mutuel wagering is currently legal; to levy a state gross receipts tax and a local gross receipts tax on gaming revenue of the entities; to levy a tax on vendors of gaming equipment; to provide for the disposition of state gaming tax proceeds; to create the Alabama Gaming Commission to implement, regulate, and administer gaming and regulate; to authorize the Governor to negotiate a compact...
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HB558
170665-1:n:06/16/2015:LLR/agb LRS2015-2297 HB558 By Representative Holmes (A) RFD Economic Development and Tourism Rd 1 19-APR-16 SYNOPSIS: Under existing law, lotteries and gift enterprises are prohibited by Section 65 of the Constitution of Alabama of 1901. This bill proposes an amendment to Section 65 of the Constitution of Alabama of 1901 to establish an Alabama Lottery and the Alabama Lottery Corporation; to authorize and regulate gaming by the entities currently licensed to conduct pari-mutuel wagering at the four existing racetracks in Alabama where pari-mutuel wagering is currently legal; to levy a state gross receipts tax and a local gross receipts tax on gaming revenue of the racetracks; to levy a tax on vendors of gaming equipment; to provide for the disposition of lottery proceeds and state gaming tax proceeds; to create the Alabama Lottery and Gaming Commission to implement, regulate, and administer gaming and regulate and supervise the Alabama Lottery and Alabama Lottery...
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HB429
and use of the proceeds of the taxes; prescribing penalties and fixing punishment for violation of this act; and providing for a referendum. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act applies to Washington County. Section 2. As used in this act, the following words have the following meanings: (1) DEPARTMENT. The Department of Revenue. (2) EQUIPMENT. Machinery or tools employed for agriculture, horticulture, livestock, grazing, lawn and garden, construction, industrial, maritime, mining, or forestry usage, including tractors. (3) LEASING TAX. A tax paralleling the tax imposed by the state leasing or renting of tangible personal property statutes, including, but not limited to, Title 40, Chapter 12, Article 4, Code of Alabama 1975. (4) SALES AND USE TAX. A tax paralleling the tax imposed by the state sales and use tax statutes, including, but not limited to, Title 40, Chapter 23, Code of Alabama 1975. Section 3. (a) The County Commission of Washington...
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HB463
and use of the proceeds of the taxes; prescribing penalties and fixing punishment for violation of this act; and providing for a referendum. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act applies to Washington County. Section 2. As used in this act, the following words have the following meanings: (1) DEPARTMENT. The Department of Revenue. (2) EQUIPMENT. Machinery or tools employed for agriculture, horticulture, livestock, grazing, lawn and garden, construction, industrial, maritime, mining, or forestry usage, including tractors. (3) LEASING TAX. A tax paralleling the tax imposed by the state leasing or renting of tangible personal property statutes, including, but not limited to, Title 40, Chapter 12, Article 4, Code of Alabama 1975. (4) SALES AND USE TAX. A tax paralleling the tax imposed by the state sales and use tax statutes, including, but not limited to, Title 40, Chapter 23, Code of Alabama 1975. Section 3. (a) Commencing February 1, 2017, the County...
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