Supplement: AL SB152 | 2022 | Regular Session | SB152 for Ways and Means Education
For additional supplements on Alabama SB152 please see the Bill Drafting List
Bill Title: Taxation, income tax, exclusion of enhanced federal child tax credits from American Rescue Plan Act from calculation of federal income tax deduction for tax year 2021, extension of the due date for certain taxpayers, Secs. 40-16-3.1, 40-18-39.2 added.
Status: 2022-02-22 - Assigned Act No. 2022-75. [SB152 Detail]
Download: Alabama-2022-SB152-SB152_for_Ways_and_Means_Education.html
Bill Title: Taxation, income tax, exclusion of enhanced federal child tax credits from American Rescue Plan Act from calculation of federal income tax deduction for tax year 2021, extension of the due date for certain taxpayers, Secs. 40-16-3.1, 40-18-39.2 added.
Status: 2022-02-22 - Assigned Act No. 2022-75. [SB152 Detail]
Download: Alabama-2022-SB152-SB152_for_Ways_and_Means_Education.html
| Committee: Ways and Means Education | Sponsor: Roberts |
| Analyst: Bryan Young | Date: 02/16/2022 |
FISCAL NOTE
Senate Bill 152 as passed the Senate allows Alabama individual taxpayers' federal income tax deduction for the tax year ending on December 31, 2021 to be calculated pursuant to the provisions of the Internal Revenue Code in effect on December 31, 2020. This would prevent an increase in future income tax receipts into the Education Trust Fund by an undetermined amount dependent upon the difference in the amounts individual taxpayers would now pay pursuant to provisions of this bill and the amount they would otherwise have paid.
| Danny Garrett, Chair Ways and Means Education |
