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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-23-194

Discount

Official textalison.legislature.state.al.us

Eligible sellers may deduct and retain a discount equal to two percent of the simplified sellers use tax properly collected and then remitted to the department in a timely manner, provided that for tax periods beginning on or after January 1, 2019, the allowance for discount shall not apply to any taxes collected and then remitted which are in excess of four hundred thousand dollars ($400,000). The department is authorized to prescribe rules for administering the discount. No discount shall be allowed for any taxes which are not timely reported and remitted to the department pursuant to program procedures.

Last amended: Act 2015-448, p. 1443, §1; Act 2018-539, §1.

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In this chapter (40 sections)
  1. 40-23-104 · Collection of Taxes Before Registration or Licensing; Proof…
  2. 40-23-105 · Applicability of Certain Title 40 Provisions
  3. 40-23-106 · Reciprocity
  4. 40-23-107 · Fees
  5. 40-23-108 · Disposition of Funds
  6. 40-23-110 · Penalty for Failure to Pay Tax
  7. 40-23-111 · Authority to Adopt and Enforce Rules and Regulations
  8. 40-23-120 · Good Faith Violations
  9. 40-23-121 · Authorization to Collect or Recover Sales Taxes Due on…
  10. 40-23-130 · Calculation of Municipal or County Gross Receipts Tax
  11. 40-23-150 · Education Trust Fund Rainy Day Account
  12. 40-23-170 · Legislative Findings
  13. 40-23-171 · Definitions
  14. 40-23-172 · Delegates for Participation in Multistate Discussions
  15. 40-23-173 · Duties of Delegates; Agreement
  16. 40-23-174 · Distribution of Proceeds
  17. 40-23-190 · Conditions for Remote Entity Nexus
  18. 40-23-191 · Short Title; Definitions
  19. 40-23-192 · Simplified Sellers Use Tax Remittance Program
  20. 40-23-193 · Collection and Remittance of Simplified Sellers Use Tax;…
  21. 40-23-194 · Discount
  22. 40-23-195 · Rulemaking Authority; Recordkeeping
  23. 40-23-196 · Refund or Credit of Excess Taxes Paid
  24. 40-23-197 · Disposition of Funds
  25. 40-23-197.1 · Distributions of Simplified Sellers Use Tax Proceeds
  26. 40-23-198 · Applicability of Part 2
  27. 40-23-199 · Amnesty for Certain Uncollected Remote Use Tax
  28. 40-23-199.1 · Amnesty for Certain Uncollected Remote Use Tax
  29. 40-23-199.2 · Marketplace Facilitators
  30. 40-23-199.3 · Online Application Process
  31. 40-23-200 · Definitions
  32. 40-23-201 · Creation; Composition; Meetings
  33. 40-23-202 · Duties
  34. 40-23-203 · Report; Implementation and Administration of Recommendations
  35. 40-23-204 · Recommended Changes in Existing Tax Laws
  36. 40-23-205 · Funding
  37. 40-23-210 · Definitions; Adjustment of Dollar Value of Certain Covered…
  38. 40-23-211 · Tax Exemption on Covered Items
  39. 40-23-212 · Rules and Regulations
  40. 40-23-213 · County and Municipal Exemptions Authorized
Full table of contents →