SB73CUCTQQW-1 ENROLLED: SB73 A4XHQS7-3 By Senators Williams, Sessions, Melson, Barfoot, Jones, Carnley, Givhan, Kelley, Allen, Stutts, Weaver, Kitchens, Chesteen, Price, Gudger, Roberts, Livingston, Bell, Smitherman, Beasley, Stewart, Singleton, Elliott RFD:

Finance2/13/2024 and: Taxation Education First Read:

07-Feb-24ZK Page1ST 0FINANCE AND TAXATION EDUCATION AMENDMENT TO SB73 EnrolledOFFERED Enrolled,BY AnSENATOR Act,SESSIONS 32 Relating4 toReplace taxation;line 21 on page 1 with the following:

to provide an exemption from the for up to twenty-five thousand dollars ($25,000) of agricultural fencing materials from sales and use tax;

and to provide a sunset date.

BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:

For(a) aThe period commencing October 1, 2024, and ending September 30, 2029, up to twenty-five thousand dollars ($25,000) of the gross proceeds from the sale of fencing materials9 suchReplace asline t-posts,26 woodon posts,page barbed1 wire,with net wire, smooth wire, standard metal gates, and other like materials used for the purposefollowing: of fencing in agriculture livestock applications are exempt from the sales and use tax as provided for in Section 40-23-2 and 40-23-61, Code of Alabama 1975.

Thefor exemption provided in thisSection subdivision40-23-2, shallCode notof applyAlabama to1975. county or municipal sales and use taxes unless approved by resolution or ordinance adopted by the local governing body.

SectionPage 2.1

This act shall become effective on October Page 1 SB73 Enrolled 1, 2024.

Page 2 SB73 Enrolled ________________________________________________ President and Presiding Officer of the Senate ________________________________________________ Speaker of the House of Representatives SB73 Senate 19-Mar-24 I hereby certify that the within Act originated in and passed the Senate, as amended.

Patrick Harris, Secretary.

House of Representatives Passed:

23-Apr-24 By:

Senator Williams Page 3