Alabama: Seafood bill raising questions about tax breaks pitched to lawmakers
For Ernie Anderson, the legislation that passed out of the Alabama House last week will help a dwindling number of commercial fishermen save costs while purchasing equipment to do their jobs. Problem is, no one seems to know how much that is. The bill, HB10, allows the entire commercial fishing industry similar tax exemptions and reduced tax obligations like those offered to farmers, who pay 1.5% on sales taxes. Commercial fishermen, excluding commercial shrimpers, currently pay a 4% sales tax rate whenever they purchase equipment like netting and bait. >click to read< 14:01
Leave a Reply