HB58
Rep(s). By Representative Baker HB58 ENROLLED, An Act, To enact the Alabama Jobs Act; to authorize and provide for a jobs credit incentive and an investment credit incentive to certain businesses for approved projects that create new jobs in Alabama; to provide that the incentives would only be available following the execution of a project agreement and a determination that the economic benefits of the project would exceed the cost of the incentives to the state; to allow the jobs credit for 10 years in an amount of 3 percent of the previous year's annual wages for eligible employees; to apply the jobs credit against the utility gross receipts and utility service use taxes; to provide that the jobs credit could be refundable during the incentive period; to provide that the jobs credit may be claimed as a credit against utility taxes paid with a carryforward for earned but unused amounts; to allow the investment credit in an amount of 1.5 percent of a qualified capital investment...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB58.htm - 42K - Match Info - Similar pages
HB141
162316-2:n:03/02/2015:LLR/agb LRS2014-2497R1 HB141 By Representative Todd RFD Financial Services Rd 1 05-MAR-15 SYNOPSIS: Under existing law, a fee is required to record certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character which is given to secure the payment of any debt which conveys any real or personal property. This bill would increase the fee for recording of certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character which is given to secure the payment of any debt which conveys any real or personal property. This bill would modify the rate and distribution of the Mortgage Record Tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund. A BILL TO BE ENTITLED AN ACT To amend Section 40-22-2, Code of Alabama 1975; to increase the fee for recording of certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character which is...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB141.htm - 19K - Match Info - Similar pages
HB146
Rep(s). By Representatives Clarke, Bracy, Sessions, Williams (JW), Drummond, Buskey, Pringle, Wilcox and Gaston HB146 ENROLLED, An Act, Relating to Mobile County; to provide for the electronic filing of business personal property tax returns in the office of the Mobile County Revenue Commissioner; and to authorize the revenue commissioner to establish procedures for filing of the returns. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) This act shall apply only in Mobile County. (b) The Legislature finds that it is in the best interest of Mobile County and the operation of the office of the Mobile County Revenue Commissioner to provide for the electronic filing of business property tax returns including payment of any taxes due. Section 2. (a) The Mobile County Revenue Commissioner may establish procedures that do not conflict with Act 2014-415 for electronic filing for the reporting, assessment, and payment of business personal property taxes pursuant to Section 40-7-14,...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB146.htm - 3K - Match Info - Similar pages
HB368
166407-1:n:03/31/2015:JET/mfc LRS2015-1246 HB368 By Representative Black RFD Economic Development and Tourism Rd 1 31-MAR-15 SYNOPSIS: Under existing law, premium tax credits are authorized under the Certified Capital Company program to investors who contribute capital to certified capital companies. This bill would create the Alabama Small Business Investment Act to replace references to certified capital companies with Alabama small business investment companies and would further define the term community outreach as it relates to these companies. This bill would further provide for application procedures for the Alabama small business investment companies and would further provide for the decertification of an Alabama small business investment company. This bill would also establish additional requirements for the allocation of a tax credit for these companies, provide for a third allocation of tax credits, and would require the Department of Commerce to post certain related...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB368.htm - 26K - Match Info - Similar pages
HB97
164856-1:n:02/24/2015:LLR/cj LRS2015-696 HB97 By Representatives Garrett, Williams (JD), Shiver, Wadsworth, Lawrence, Rowe, Faulkner, Fridy, Drummond, Rogers, Mooney, Butler, South, Gaston, Harbison, Collins, Drake, Robinson and Carns RFD Ways and Means Education Rd 1 03-MAR-15 SYNOPSIS: Under existing state law, an income tax credit is not provided to eligible educators for qualified expenses for school supplies. Federal law allows an adjustment to gross income for such expenses. This bill would provide that an eligible educator would be entitled to a state income tax credit for certain qualified expenses allowed by federal law. A BILL TO BE ENTITLED AN ACT Providing an income tax credit for eligible educators for qualified expenses for school supplies, beginning with the 2015 tax year. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) Beginning with the 2015 tax year and each tax year thereafter, an eligible educator is entitled to a state income tax credit for qualified...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB97.htm - 2K - Match Info - Similar pages
HB476
166499-1:n:03/31/2015:LFO-KF/ccd HB476 By Representatives Knight, Scott, Robinson and Rogers RFD Ways and Means Education Rd 1 09-APR-15 SYNOPSIS: Under current law, the state levies an income tax upon all residents of the state and upon all nonresidents who receive income from Alabama sources. Taxpayers are allowed standard deductions and personal exemptions in computing income subject to the tax. This bill proposes the Alabama Individual Income Tax Reform Act of 2015. This bill, which would be contingent upon the ratification of a constitutional amendment to repeal the deduction of federal income tax payments on Alabama income tax returns, would increase the standard deductions and personal exemptions allowed for Alabama income tax purposes to the amounts allowed for federal income tax purposes. This bill also creates a state earned income tax credit. A BILL TO BE ENTITLED AN ACT To amend Sections 40-18-15 and 40-18-19, Code of Alabama 1975, relating to income tax deductions and...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB476.htm - 26K - Match Info - Similar pages
HB596
168673-1:n:05/04/2015:DSM/mfc LRS2015-1859 HB596 By Representative Wadsworth RFD Ways and Means Education Rd 1 05-MAY-15 SYNOPSIS: Under existing law, a qualifying rural physician is allowed a certain income tax credit. This bill would limit the tax credit to a total of five years. A BILL TO BE ENTITLED AN ACT Relating to tax credits for rural physicians; to amend Sections 40-18-130, 40-18-131, and 40-18-132, Code of Alabama 1975; to provide for definitions; to limit the tax credit to five total years; and to provide for an effective date. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-18-130, 40-18-131, and 40-18-132, Code of Alabama 1975, are amended to read as follows: §40-18-130. "It is the intent of the Legislature to institute programs that will make Alabama more competitive with other states in the recruitment and retention of physicians and reduce inequities that a small or rural hospital and small or rural communities have in the funding and recruitment of...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB596.htm - 3K - Match Info - Similar pages
SB119
SB119 By Senators Hightower, Glover, Albritton, Melson, Stutts, Reed, Beasley, Coleman, Dunn, Ross, Smith, Figures, Orr, Waggoner, Dial, Holley, Chambliss, Allen, Bussman, Smitherman, Marsh, Whatley and Williams ENROLLED, An Act, To provide for the preparation and distribution of a tax expenditure report by the Legislative Fiscal Office for the Legislature at the same time the Governor is required to submit his or her budget to the Legislature; and to provide an effective date. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) Beginning in 2017 Regular Session of the Legislature, the Legislative Fiscal Office shall prepare and submit an annual report to the Legislature which lists all state tax expenditures and the estimated cost associated with each of the tax expenditures. For purposes of this act, "tax expenditures" means those state revenue losses attributable to the provisions of the constitution, state tax statutes or rules promulgated pursuant to the statutes, which...
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SB256
164733-1:n:02/19/2015:LLR/th LRS2015-442 SB256 By Senators Holtzclaw, Hightower, Williams, Glover, Livingston, Bussman, Holley, Pittman, Stutts, Albritton and Melson RFD Finance and Taxation Education Rd 1 17-MAR-15 SYNOPSIS: Under existing law, each organization that receives an exemption from sales and use taxes because of specific legislation is not required to file certain information to the Department of Revenue. This bill would require each organization that receives an exemption from sales and use taxes because of specific legislation to annually file certain information to the Department of Revenue. This bill would provide that a failure to file a report shall result in the suspension of the tax exemption status for the preceding year. This bill would require the Department of Revenue to promulgate rules necessary to enforce this act. A BILL TO BE ENTITLED AN ACT Relating to taxation; to require each organization that receives an exemption from sales and use tax because of...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB256.htm - 2K - Match Info - Similar pages
SB322
SB322 ENGROSSED By Senator Sanford A BILL TO BE ENTITLED AN ACT To amend Sections 11-3-11.3, 11-51-183, 11-51-208, 11-51-210, 40-12-4, and 40-12-7, Code of Alabama 1975, and add Section 11-51-210.1, Code of Alabama 1975, relating to the Department of Revenue; to update references relating to the cost of collection; to decrease the cap for the cost of administration of county taxes from five percent to two percent; to provide for the administration of local sales, use, rental, and lodgings taxes by the department; and to extend the county and municipal tax levy and rate notification requirements to the department; and to provide liability relief for miscollection of local taxes due to the lack of proper rate change notifications. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 11-3-11.3, 11-51-183, 11-51-208, 11-51-210, 40-12-4, and 40-12-7 of the Code of Alabama 1975, are amended to read as follows: §11-3-11.3. "(a) Counties may, upon request of the county commission,...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB322.htm - 33K - Match Info - Similar pages
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