Lawmakers Weigh New Rules on Estimated Sales Tax Payments

Date: January 16, 2014

Related Content: News State Alabama

Sen. Bryan Taylor of Prattville and Rep. Barry
Moore of Enterprise have introduced bills that would give about 4,000 small businesses some relief when it comes to paying estimated sales taxes.

The legislation would raise the threshold for paying estimated sales taxes from $1,000 in sales per month to $2,500.

Both bills passed their respective chambers on Thursday, Jan. 16.

If the change becomes law, businesses with sales of less than $2,500 a month wouldn’t have to pay estimated sales tax revenues in advance, said Rosemary Elebash, state director of NFIB/Alabama. They could wait until customers pay them the sales tax.

Related Content: News | State | Alabama

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