AL HB353 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2020 - 25% progression, died in committee
Action: 2020-02-27 - Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Pending: House Ways and Means Education Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 27 2020 - 25% progression, died in committee
Action: 2020-02-27 - Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Pending: House Ways and Means Education Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Corporate income tax rate and financial institution excise tax rate, decreased, apportionment factor for corporate income tax rates revised, State income tax decoupled from fed. Tax Cuts and Jobs Act, electing pass-through entities, taxed at entity level, Ala. Business Tax Competitiveness Act, Secs. 40-16-1.2, 40-16-4, 40-18-31, 40-18-34, 40-18-35, 40-27-1 am'd.
Title
Corporate income tax rate and financial institution excise tax rate, decreased, apportionment factor for corporate income tax rates revised, State income tax decoupled from fed. Tax Cuts and Jobs Act, electing pass-through entities, taxed at entity level, Ala. Business Tax Competitiveness Act, Secs. 40-16-1.2, 40-16-4, 40-18-31, 40-18-34, 40-18-35, 40-27-1 am'd.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-27 | House | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
