Alabama House Committee Approves Bill Increasing State’s Internet Sales Tax for Education Funding

• Alabama House committee approved a bill increasing the state’s Internet sales tax
• HB 258 sponsored by Rep. Chris England would add an additional charge to the online sales tax
• The rate would be recalculated every five years, with an initial increase of about 1.5%
• The additional levy would be distributed to school and county and municipal governments
• Supporters believe the 8% rate for internet sales puts brick-and-mortar stores at a disadvantage
• An amendment was added to direct 20% of the money to the State Department of Education
• The bill is a companion to HB257, which creates a sales tax holiday for outdoor equipment
• The approval of the bill came during a committee meeting that heard eight bills
• Chair Danny Garrett emphasized the importance of prioritizing tax credits and protecting education

Source: yahoo.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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