AL SB250 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2020 - 25% progression, died in chamber
Action: 2020-05-05 - Finance and Taxation Education first Substitute Offered
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 27 2020 - 25% progression, died in chamber
Action: 2020-05-05 - Finance and Taxation Education first Substitute Offered
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
| Sen. Dan Roberts [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-05 | Senate | Finance and Taxation Education first Substitute Offered |
| 2020-05-05 | Senate | Pending third reading on day 17 Favorable from Finance and Taxation Education with 1 substitute |
| 2020-05-05 | Senate | Read for the second time and placed on the calendar with 1 substitute and |
| 2020-02-27 | Senate | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
