AL HB418 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 1 2022 - 25% progression, died in committee
Action: 2022-03-01 - 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 March 1 2022 - 25% progression, died in committee
Action: 2022-03-01 - 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
Relating to corporate income tax deductions, providing business interest expense deduction limitations, to provide a deduction equal to the business interest expense disallowed on the federal income tax return as a result of 26 U.S.C. Section 163 (j), Sec. 40-18-39.1 repealed.
Title
Relating to corporate income tax deductions, providing business interest expense deduction limitations, to provide a deduction equal to the business interest expense disallowed on the federal income tax return as a result of 26 U.S.C. Section 163 (j), Sec. 40-18-39.1 repealed.
Sponsors
| Rep. Kyle South [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-03-01 | House | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
