HB581
166667-1:n:03/31/2015:LFO-RR*/bdl HB581 By Representative Beech RFD Ways and Means General Fund Rd 1 30-APR-15 SYNOPSIS: Under current law, all entities doing business or registered to do business in Alabama, have an annual filing obligation for Business Privilege Tax. The Business Privilege Tax is calculated based on an entitys net worth, apportioned to Alabama. There is a minimum of $100 Business Privilege Tax imposed annually on all entities subject to this tax. Currently, most taxpayers have an annual maximum Business Privilege Tax due of $15,000. The Business Privilege Tax rate is determined by the taxpayers federal taxable income, apportioned to Alabama. In addition, under current law, the Business Privilege Tax due date for financial institutions is March 15. The Alabama Excise Tax return filed by financial institutions is due April 15. Taxpayers often need to extend the filing date of the Business Privilege Tax in order to have complete information not available until the...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB581.htm - 24K - Match Info - Similar pages
SB111
SB111 By Senator Orr ENROLLED, An Act, To establish the Alabama Transportation Infrastructure Bank; to specify the membership, powers, duties, terms, sources for capitalization, and liability of the bank; to provide for the redistribution of a portion of gasoline tax revenues and motor vehicle registration fee revenues; to provide procedures for the issuance of loans and other financial assistance to certain government entities for certain qualified projects; to provide authority for the bank to issue certain bonds under certain conditions; to require the bank to report annually to the Governor and the Legislature. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act shall be cited as the Alabama Transportation Infrastructure Bank Act. Section 2. For the purposes of this act, the following words shall have the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2) BOARD. The board of directors of the bank. (3) BONDS. Includes bonds, notes, or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB111.htm - 34K - Match Info - Similar pages
SB343
165834-1:n:03/16/2015:LLR/th LRS2015-817 SB343 By Senator Whatley RFD Fiscal Responsibility and Economic Development Rd 1 07-APR-15 SYNOPSIS: Under existing law, there are limitations on condemnations. This bill would further limit the condemnation of property if the primary use for the property is for private gain, private benefit, private enterprise, increasing jobs, increasing tax revenue, or economic development. This bill would require each entity prior to initialing a condemnation procedure to define what is included in just compensation for the taking or damaging of property and it shall take only a portion of private property necessary for public use. A BILL TO BE ENTITLED AN ACT To amend Section 18-1B-2, Code of Alabama 1975, relating to limitations on condemnation; to limit the condemnation of property if the primary use for the property is for private gain, private benefit, private enterprise, increasing jobs, increasing tax revenue, or economic development; and to require...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB343.htm - 4K - Match Info - Similar pages
SB501
SB501 ENGROSSED By Senators Chambliss and Orr A BILL TO BE ENTITLED AN ACT To amend Section 40-23-2 of the Code of Alabama 1975, relating to the taxation of sales of automobiles, motorcycles, trucks, truck trailers, or semi-trailers that will be registered or titled outside of Alabama or are exported or removed from Alabama within 72 hours by the purchaser, or his or her agent, for first time use outside Alabama. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-23-2 Code of Alabama 1975, is amended to read as follows: §40-23-2. "There is levied, in addition to all other taxes of every kind now imposed by law, and shall be collected as herein provided, a privilege or license tax against the person on account of the business activities and in the amount to be determined by the application of rates against gross sales, or gross receipts, as the case may be, as follows: "(1) Upon every person, firm, or corporation, (including the State of Alabama and its Alcoholic...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB501.htm - 10K - Match Info - Similar pages
HB346
166417-1:n:03/24/2015:JET/tj LRS2015-1227 HB346 By Representative Gaston RFD Ways and Means General Fund Rd 1 31-MAR-15 SYNOPSIS: This bill would create the Alabama Transportation Infrastructure Bank for the purpose of selecting and assisting in the financing of major qualified transportation projects by providing loans and other financial assistance to certain government entities for constructing and improving highways and transportation facilities necessary for public purposes, including economic development. This bill would specify the membership, powers, duties, terms, sources for capitalization, and liability of the bank, as well as the procedures for the bank to provide loans and other financial assistance to government entities for qualified projects. This bill may redistribute a portion of revenues produced by one cent ($.01) a gallon of the tax on gasoline pursuant to Act 2011-565 and may redistribute revenues collected pursuant to Section 40-12-248, Code of Alabama 1975. This...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB346.htm - 36K - Match Info - Similar pages
HB593
168302-1:n:04/28/2015:LFO-RR*/bdl HB593 By Representative Johnson (K) RFD Ways and Means General Fund Rd 1 30-APR-15 SYNOPSIS: Existing law requires that sales of automobiles, motorcycles, trucks, truck trailers, or semi-trailers that will be registered or titled outside of Alabama, that are exported or removed from Alabama within 72 hours by the purchaser or his or her agent for first time use outside Alabama are not subject to the Alabama sales tax. This bill would amend this section thereby providing that such sales are subject to the Alabama automotive sales tax unless the state in which the purchaser will title or register the vehicle allows an Alabama resident to purchase a motor vehicle for first titling and registration in Alabama without the payment of tax to that state. This bill also provides for exclusions to the drive out provision and for the publication of a list of states that do not allow this provision. A BILL TO BE ENTITLED AN ACT To amend Section 40-23-2 of the Code...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB593.htm - 10K - 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
SB260
SB260 By Senators Reed, Ross, Whatley, Waggoner, Dial, Holley, Coleman, Figures, Albritton, Smitherman, Marsh, Allen, Scofield, Bussman, Williams, Glover and Hightower ENROLLED, An Act, Relating to underserved communities; to create the Healthy Food Financing Act to provide financing for grocery stores to operate in low and moderate income areas in order to increase the availability of fresh and nutritious food to underserved communities; and to require the Alabama Department of Economic and Community Affairs to administer the financing program. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) This act shall be known as the Healthy Food Financing Act. (b) The purpose of this act is to establish a statewide program to increase the availability of fresh and nutritious food, including fruits and vegetables, in underserved communities by providing financing for retailers to open, renovate, or expand grocery stores. Section 2. For the purposes of this act, the following words...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB260.htm - 7K - Match Info - Similar pages
SB307
SB307 By Senator Allen ENROLLED, An Act, Relating to the State of Alabama Plumbers and Gas Fitters Examining Board and the practices and persons regulated by the board; to amend Sections 34-37-1, 34-37-2, 34-37-4, 34-37-5, 34-37-6, 34-37-8, 34-37-9, 34-37-11, 34-37-12, 34-37-14, 34-37-15, and 34-37-17, Code of Alabama 1975; relating to defined terms, powers of the board to advertise and promote the professions; board hearings; to authorize the Alabama Home Builders Foundation; provide further for prohibited activities and disciplinary powers of the board; recognize registrations of the board; provide fees for reciprocal agreements; provide for inactive status of certified and registered individuals; provide further for exempted activity; to repeal Sections 34-37-10 and 34-37-13, Code of Alabama 1975, relating to temporary certificates and bonding requirements; and to add Section 34-37-17.1, relating to records of the board and confidentiality of records. BE IT ENACTED BY THE...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB307.htm - 37K - Match Info - Similar pages
SB496
169597-1:n:05/19/2015:LFO-RR/bdl SB496 By Senator Orr RFD Finance and Taxation General Fund Rd 1 21-MAY-15 SYNOPSIS: This bill would amend Sections 40-23-85 and 40-23-174, Code of Alabama 1975 to provide further for the distribution of use tax funds. A BILL TO BE ENTITLED AN ACT To provide for legislative findings; and to amend Sections 40-23-85 and 40-23-174, Code of Alabama 1975 to provide further for the distribution of use tax funds. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. The Legislature of the State of Alabama hereby finds the following: (a) the State General Fund has an immediate projected deficit for fiscal year 2016 in excess of $250 million; (b) the Legislative Fiscal Office has estimated a projected balance in the Education Trust Fund Budget Stabilization Fund at the end of fiscal year 2016 in excess of $350 million; (c) currently, (1) the Education Trust Fund receives 75% and the State General Fund receives 25% of the state use tax and (2) the State General...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB496.htm - 5K - Match Info - Similar pages
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