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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
HB304
165935-1::03/17/2015:EBO-JK/JK HB304 By Representatives Williams (P) and Ball RFD Technology
and Research Rd 1 17-MAR-15 SYNOPSIS: Under existing law, there are no economic incentives
or tax credits extended to Alabama businesses for qualified research expenses incurred by
Alabama companies that spend funds and resources in-house, or pay Alabama research companies
to conduct qualified research for new or improved products or services. This bill would establish
the Alabama Innovation Act that would provide for a research and development tax credit to
certain Alabama companies modeled on the federal research and development tax credit. The
credit would be 25 percent of new research at an Alabama research entity, and 5 percent for
other new research conducted in Alabama. The credit could be taken against the income tax
or the financial institution excise tax. This bill would limit the Alabama Innovation tax
credits to no more than $10 million of credits per year, and no eligible company...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB304.htm - 16K - Match Info - Similar pages
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
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
HB142
164990-1::03/03/2015:EBO-MEJ/mej HB142 By Representative Hill (M) RFD Ways and Means Education
Rd 1 05-MAR-15 SYNOPSIS: Under current law, each entity, subject to the Alabama corporate
income tax, is required to file a separate return and calculate the income tax on its separately
accounted for taxable income, regardless whether the entity is part of a larger business that
consists of an affiliated group of entities. This filing method allows large corporate taxpayers
to take advantage of tax planning options to shift income to other entities within the affiliated
group located in tax favorable states. Most large corporate businesses consist of a parent
corporation and a number of corporate subsidiaries. This bill would amend the corporate income
tax law to require the operations of all related entities, involved in a unitary business,
file one corporate income tax return on a combined basis, known as combined reporting. A BILL
TO BE ENTITLED AN ACT To amend the corporate income tax...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB142.htm - 62K - 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...
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HB584
be deposited with the State Treasurer to be continuously appropriated to the Department of
Human Resources to assist all children in temporary or permanent custody in foster care. "(9)
Contributions designated for mental health on the Alabama state resident individual income
tax return shall be deposited with the State Treasurer and shall be distributed equally to
the Alliance for the Mentally Ill of Alabama and to the Mental Health Consumers of Alabama.
"(10) Contributions to the Alabama Breast and Cervical Cancer Research Program
shall be deposited with the State Treasurer and distributed to the University of Alabama at
Birmingham, which shall implement and administer the program. "(11) Contributions to
the Neighbors Helping Neighbors Fund shall be deposited with the State Treasurer for distribution
by the Department of Economic and Community Affairs for weatherization assistance as provided
for under Article 6, commencing with Section 41-23-100, Chapter 23, Title 41. "(12)...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB584.htm - 136K - Match Info - Similar pages
SB71
SB71 By Senator Marsh ENROLLED, An Act, To amend Sections 16-6D-4 and 16-6D-9, Code of Alabama
1975, relating to the Alabama Accountability Act of 2013; to clarify and confirm that the
intent of the Alabama Accountability Act of 2013 is educational choice; to amend certain current
definitions and add new definitions; to amend the reporting period for scholarship granting
organizations from a calendar year to an academic year; to clarify and confirm that educational
scholarships are provided to eligible students, not to particular schools; to require scholarship
granting organizations to determine the income eligibility of a scholarship recipient every
other year; to require all participating private schools to be accredited by one of the six
regional accrediting agencies, the National Council for Private School Accreditation, AdvancEd,
the American Association of Christian Schools, or one of their partner accrediting agencies,
within three years from the date their notice of intent to...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/SB71.htm - 47K - Match Info - Similar pages
HB455
164979-1:n:02/27/2015:LFO-KF/bdl HB455 By Representatives Lindsey and Scott RFD Ways and Means
Education Rd 1 09-APR-15 SYNOPSIS: This bill defines unitary business and requires taxpayers
who are part of a unitary business to use a combined report to determine their Alabama taxable
income. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-1, Code of Alabama 1975, to provide
for additional definitions and Sections 40-2A-17 and 40-18-39, Code of Alabama 1975, to require
taxpayers who are part of a unitary business to use a combined report to determine their Alabama
taxable income. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-2A-17,
40-18-1 and 40-18-39, Code of Alabama 1975, are hereby amended to read as follows: §40-2A-17.
"For purposes of the tax imposed in Chapter 18 of this title, the following rules shall
apply: "(a) In any case of two or more organizations, trades, or businesses (whether
or not affiliated within the meaning of 26 U.S.C. § 1504) owned or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB455.htm - 31K - Match Info - Similar pages
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