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.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 23 - Sales and Use Taxes.
Article 6 - Tax on Remote Sellers.
Division 3 - Conditions for Remote Entity Nexus.
Part 2 - Simplified Seller Use Tax Remittance Act.
Section 40-23-191 - Short Title; Definitions.
Section 40-23-192 - Simplified Sellers Use Tax Remittance Program.
Section 40-23-193 - Collection and Remittance of Simplified Sellers Use Tax; Reporting; Statement.
Section 40-23-195 - Rulemaking Authority; Recordkeeping.
Section 40-23-196 - Refund or Credit of Excess Taxes Paid.
Section 40-23-197 - Disposition of Funds.
Section 40-23-197.1 - Distributions of Simplified Sellers Use Tax Proceeds.
Section 40-23-198 - Applicability of Part 2.
Section 40-23-199 - Amnesty for Certain Uncollected Remote Use Tax.
Section 40-23-199.1 - Amnesty for Certain Uncollected Remote Use Tax.