On March 22, 2004, the governing body of the Town of Snead adopted Ordinance No. 2003-03 levying a rental tax that will be administered by the Alabama Department of Revenue. This ordinance levies a two percent (2%) rental tax on the gross proceeds derived by the lessor from the renting or leasing of tangible personal property. The rental or lease tax on each person engaging or continuing within the Town of Snead in the business of leasing or renting any automotive vehicle or truck trailer, semi-trailer or house trailer shall be at the rate of one-half of one percent (1/2 of 1%) of the gross proceeds derived by the lessor from the lease or rental of such tangible personal property. Persons engaged in the renting or leasing of linens and garments within the Town of Snead shall be taxed at the rate of two percent (2%) of the gross proceeds derived by the lessor from the lease or rental of such linens and garments.

If rentals/leases are made and delivered to consumers outside the corporate limits of the Town of Snead but within the police jurisdiction, the rates of tax are one-half of those stated above.

The Alabama Department of Revenue will begin collecting the Town of Snead rental tax effective May 1, 2004. Your first report to be filed with the Alabama Department of Revenue will be for the month of May 2004 and is due on or before June 20, 2004.

When filing electronically, the Town of Snead rental tax must be included on the electronic local tax return. Simply enter the gross receipts and deductions, and all calculations will be done automatically for you. If you have Town of Snead rental tax to remit, please use Tax Code 9606 and tax type RT (Rental Tax).

Please direct all questions regarding the Town of Snead rental tax to this office.

ALABAMA DEPARTMENT OF REVENUE
Sales, Use & Business Tax Division
P. O. Box 327710
Montgomery, Alabama 36132-7710
(334) 242-1490