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SB497
169886-1:n:05/21/2015:LFO-RR/csh SB497 By Senators Albritton and Orr RFD Finance and Taxation
General Fund Rd 1 21-MAY-15 SYNOPSIS: This bill would establish a factor presence nexus standard
for business activity for purposes of income tax. A BILL TO BE ENTITLED AN ACT To add a new
Section 40-18-31.2 to the Code of Alabama of 1975, to establish a factor presence nexus standard
for business activity for purposes of income tax. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Section 40-18-31.2 is added to the Code of Alabama 1975, to read as follows: "§40-18-31.2
"(a)(1) Individuals who are residents or domiciliaries of this state and business entities
that are organized or commercially domiciled in this state have substantial nexus with this
state. "(2) Nonresident individuals and business entities organized outside of the state
that are doing business in this state have substantial nexus and are subject to the taxes
provided for in Chapters 14A, 18, and 16 of this title, when...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB497.htm - 11K - Match Info - Similar pages
HB26
164145-1:n:01/19/2015:FC/th LRS2015-184 HB26 By Representative Johnson (R) RFD State Government
Rd 1 03-MAR-15 SYNOPSIS: Under existing law, when a used automotive part or vehicle is taken
as a credit on a new or rebuilt part or a vehicle, sales tax is due on the net difference
in price, or when the used automotive part or core is later returned, the purchaser is generally
refunded the value of the returned used part or core plus any sales tax originally paid. However,
by exception in the law, when a used automotive battery is taken as a credit on a new battery,
this provision does not apply and sales tax is due on the full purchase price of the new battery
without regard to any credit for the return of the old battery. This bill would delete the
above exception on the trade-in of a used automotive battery for a new battery. The sales
tax due would be based on the net price of a new automotive battery less any credit for return
of the old battery. A BILL TO BE ENTITLED AN ACT Relating...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB26.htm - 10K - 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
SB124
SB124 By Senators Reed, Scofield, Waggoner, Smith, Albritton, Melson, Holley, Hightower, Ward,
Dial, Marsh, Chambliss, Stutts, Bussman, Williams and Livingston ENROLLED, An Act, Relating
to redemption of certain real property foreclosed on under a mortgage or sold by virtue of
a judgment; to reduce the redemption period; to amend Sections 6-5-248, 6-5-252, and 8-1-172
of the Code of Alabama 1975; and to provide for partial prospective operation. BE IT ENACTED
BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 6-5-248, 6-5-252, and 8-1-172 of the Code
of Alabama 1975, are amended to read as follows: §6-5-248. "(a) Where real estate, or
any interest therein, is sold the same may be redeemed by: "(1) Any debtor, including
any surety or guarantor. "(2) Any mortgagor, even if such the mortgagor is not personally
liable for payment of a debt. "(3) Any junior mortgagee, or its transferee. "(4)
Judgment creditor, or its transferee. "(5) Any transferee of the interests of the debtor
or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB124.htm - 10K - Match Info - Similar pages
SB235
165081-1:n:03/02/2015:FC/agb LRS2015-832 SB235 By Senator Marsh RFD County and Municipal Government
Rd 1 17-MAR-15 SYNOPSIS: This bill would authorize any Class 5 municipality to establish an
expedited quiet title procedure to establish clear title to tax sale properties acquired from
the State Land Commissioner pursuant to Chapter 10 of Title 40, Code of Alabama 1975. A BILL
TO BE ENTITLED AN ACT Relating to Class 5 municipalities; to authorize Class 5 municipalities
to file an expedited quiet title and foreclosure action in circuit court to establish clear
title to abandoned tax sale properties within the corporate limits that are acquired from
the State Land Commissioner pursuant to Chapter 10, Title 40, Code of Alabama 1975; and to
provide for the procedure and due process for the action in circuit court. BE IT ENACTED BY
THE LEGISLATURE OF ALABAMA: Section 1. This act shall apply only in a Class 5 municipality
and provides the exclusive procedure for an expedited quiet title and...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB235.htm - 12K - Match Info - Similar pages
HB324
Rep(s). By Representative Gaston HB324 ENROLLED, An Act, To adopt and incorporate into the
Code of Alabama 1975, those general and permanent laws of the state enacted during the 2014
Regular Session as contained in the 2014 Cumulative Supplement to certain volumes of the code
and 2014 Replacement Volumes 5, 5A, 16, and 19; to initially adopt and incorporate into the
Code of Alabama 1975, 2014 Volume 22I (Local Laws Jefferson County) and to adopt and incorporate
into the Code of Alabama 1975, 2014 Cumulative Supplements to local law volumes; to make certain
corrections in the replacement volumes and certain volumes of the cumulative supplement; to
specify that this adoption and incorporation constitute a continuous systematic codification
of the entire Code of Alabama 1975, and that this act is a law that adopts a code; to declare
that the Code Publisher has certified it has discharged its duties regarding the replacement
volumes; to expressly provide that this act does not affect any...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB324.htm - 8K - Match Info - Similar pages
SB453
168764-1:n:05/05/2015:JLB/hh LRS2015-1898 SB453 By Senator Marsh RFD Tourism and Marketing
Rd 1 05-MAY-15 SYNOPSIS: Under existing law, lotteries and gift enterprises are prohibited
by Section 65 of the Constitution of Alabama of 1901. This bill proposes an amendment to Section
65 of the Constitution of Alabama of 1901 to establish an Alabama Lottery and the Alabama
Lottery Corporation; to authorize and regulate gaming by the entities currently licensed to
conduct pari-mutuel wagering at the four existing racetracks in Alabama where pari-mutuel
wagering is currently legal; to levy a state gross receipts tax and a local gross receipts
tax on gaming revenue of the racetracks; to levy a tax on vendors of gaming equipment; to
provide for the disposition of lottery proceeds and state gaming tax proceeds; to create the
Alabama Lottery and Gaming Commission to implement, regulate, and administer gaming and regulate
and supervise the Alabama Lottery and Alabama Lottery Corporation; to...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB453.htm - 26K - Match Info - Similar pages
SB494
169821-1:n:05/21/2015:FC/tj LRS2015-2118 SB494 By Senator Bussman RFD Education and Youth Affairs
Rd 1 21-MAY-15 SYNOPSIS: Under existing law, after a child has been placed in the legal custody
of the Department of Human Resources, the department may request the court to appoint a kinship
guardian to care for the child. This bill would specify that the department would not be required
to consider a relative of the child who resides outside of this state for appointment if the
relative has not notified the department within six months after the child has been placed
in the legal custody of the department that the person desires to be considered for appointment
as a kinship guardian. A BILL TO BE ENTITLED AN ACT Relating the Department of Human Resources;
to amend Section 12-15-314 of the Code of Alabama 1975, relating to written requests of the
department for the appointment of kinship guardians; to specify that the department would
not be required to consider a relative of the child...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB494.htm - 16K - 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
SB285
166053-3:n:05/28/2015:JMH/cj LRS2015-970 SB285 By Senator Holley RFD Governmental Affairs Rd
1 19-MAR-15 SYNOPSIS: Under existing laws, the general and permanent laws of the State of
Alabama enacted subsequent to the adoption and enactment of the Code of Alabama 1975, including
acts of the 1976 Regular Session of the Legislature through the 2013 Regular Session as contained
in the respective annual cumulative supplements and Replacement Volumes to the Code, have
been adopted and incorporated in a continuous and systematic manner into the Code of Alabama
1975. This bill would adopt and incorporate into the Code of Alabama 1975, those general and
permanent laws of the state enacted during the 2014 Regular Session as contained in the 2014
Cumulative Supplement to certain volumes of the code and 2014 Replacement Volumes 5, 5A, 16,
and 19. This bill would initially adopt and incorporate into the Code of Alabama 1975, 2014
Volume 22I (Local Laws Jefferson County) and would adopt and...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB285.htm - 10K - Match Info - Similar pages
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