|
HB91
173074-1:n:01/15/2016:JET/mfc LRS2016-144 HB91 By Representative Greer RFD Ways and Means Education
Rd 1 03-FEB-16 SYNOPSIS: Currently, income from defined contribution deferred compensation
plans is taxable as income. This bill would provide that 90 percent of such income, up to
$50,000, is exempt. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-19, Code of Alabama
1975, as amended by Act 2015-442, relating to exemptions from state income taxation; to provide
that 90 percent of income from defined contributions deferred compensation plans, up to a
certain limit, is exempt from income taxation. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section
1. Section 40-18-19, Code of Alabama 1975, as amended by Act 2015-442 of the 2015 Regular
Session, is amended to read as follows: §40-18-19. "(a) The following exemptions from
income taxation shall be allowed to every individual resident taxpayer: "(1) Retirement
allowances, pensions and annuities, or optional allowances, approved by the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB91.htm - 9K - Match Info - Similar pages
SB223
173727-1:n:02/09/2016:LFO-SS/bdl SB223 By Senators Smitherman, Ross, Beasley, Figures, Coleman-Madison,
Sanders and Singleton RFD Finance and Taxation Education Rd 1 11-FEB-16 SYNOPSIS: This bill
would increase the salaries of public education employees. A BILL TO BE ENTITLED AN ACT Relating
to the salaries of public education employees; to provide for a revision of the State Minimum
Salary Schedule to reflect a pay increase of four percent beginning with the fiscal year 2016-2017;
to provide that each employee of certain boards of education shall receive the pay increase
according to placement on the appropriate salary step; to require the appropriate increases
on the State Minimum Salary Schedule; to provide support employees with a four percent pay
increase beginning with the fiscal year 2016-2017; to require salary schedules; to provide
the employees of certain other public educational institutions and schools with a four percent
pay increase for the 2016-2017 fiscal year; to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB223.htm - 11K - Match Info - Similar pages
SB249
174043-1:n:02/12/2016:LFO-SS/bdl SB249 By Senator Singleton RFD Finance and Taxation Education
Rd 1 16-FEB-16 SYNOPSIS: This bill would increase the salaries of public education employees.
A BILL TO BE ENTITLED AN ACT Relating to the salaries of public education employees; to provide
for a revision of the State Minimum Salary Schedule to reflect a pay increase of six percent
beginning with the fiscal year 2016-2017; to provide that each employee of certain boards
of education shall receive the pay increase according to placement on the appropriate salary
step; to require the appropriate increases on the State Minimum Salary Schedule; to provide
support employees with a six percent pay increase beginning with the fiscal year 2016-2017;
to require salary schedules; to provide the employees of certain other public educational
institutions and schools with a six percent pay increase for the 2016-2017 fiscal year; to
provide for an across the board salary increase on all two-year...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB249.htm - 11K - Match Info - Similar pages
SB257
174140-1:n:02/16/2016:LFO-SS/bdl SB257 By Senators Smitherman, Dunn, Beasley, Coleman-Madison,
Singleton and Figures RFD Finance and Taxation Education Rd 1 17-FEB-16 SYNOPSIS: This bill
would increase the salaries of public education employees. A BILL TO BE ENTITLED AN ACT Relating
to the salaries of public education employees; to provide for a revision of the State Minimum
Salary Schedule to reflect a pay increase of five percent beginning with the fiscal year 2016-2017;
to provide that each employee of certain boards of education shall receive the pay increase
according to placement on the appropriate salary step; to require the appropriate increases
on the State Minimum Salary Schedule; to provide support employees with a five percent pay
increase beginning with the fiscal year 2016-2017; to require salary schedules; to provide
the employees of certain other public educational institutions and schools with a five percent
pay increase for the 2016-2017 fiscal year; to provide for an...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB257.htm - 11K - Match Info - Similar pages
HB64
172478-2:n:12/07/2015:MCS/tj LRS2015-3194R1 HB64 By Representatives Greer, Fridy and Garrett
RFD Ways and Means Education Rd 1 02-FEB-16 SYNOPSIS: Currently, income from defined contribution
deferred compensation plans is taxable as state income. This bill would provide that the first
90 percent of such annual income is exempt. The exemption would be phased in over a five-year
period. A BILL TO BE ENTITLED AN ACT To provide for the Alabama Fair Income Tax Act of 2016;
to amend Section 40-18-19, Code of Alabama 1975, as amended by Act 2015-442, relating to exemptions
from state income taxation; to provide for exemptions of certain percentages of annual income
received as a benefit from defined contribution deferred compensation plans; and to provide
for a period of five years to fully implement an exemption of 90 percent of such benefits.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) This act shall be known as and
may be cited as the Alabama Fair Income Tax Act of 2016....
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB64.htm - 11K - Match Info - Similar pages
HB90
173075-1:n:01/15/2016:JET/mfc LRS2016-145 HB90 By Representative Greer RFD Ways and Means Education
Rd 1 03-FEB-16 SYNOPSIS: Currently, income from defined contribution deferred compensation
plans is taxable as state income. This bill would provide that $50,000 of such annual income
is exempt. The exemption would be phased in over a five-year period. A BILL TO BE ENTITLED
AN ACT To amend Section 40-18-19, Code of Alabama 1975, as amended by Act 2015-442, relating
to exemptions from state income taxation; to provide for exemptions of certain amounts of
annual income received as a benefit from defined contribution deferred compensation plans;
and to provide for a period of five years to fully implement the exemption. BE IT ENACTED
BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-18-19, Code of Alabama 1975, as amended
by Act 2015-442 of the 2015 Regular Session, is amended to read as follows: §40-18-19. "(a)
The following exemptions from income taxation shall be allowed to every...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB90.htm - 11K - Match Info - Similar pages
HB92
173442-1:n:02/03/2016:LFO-KF/bdl HB92 By Representative Greer RFD Ways and Means Education
Rd 1 03-FEB-16 SYNOPSIS: Under current law for Alabama income tax purposes, all individuals
are exempt from the reporting of distributions received from a defined benefit plan to the
extent it is taxable for federal income tax purposes. Distributions received from a defined
contribution plan are not exempt from reporting. This bill would remove the exemption from
the reporting and taxation of such distributions and require such benefits be reported on
an individuals income tax returns effective for the 2016 calendar tax year and provide an
exemption of the first $50,000 of pension and annuity income. A portion of such distributions
may be exempt from taxation for the recapture of any basis, under certain circumstances. A
BILL TO BE ENTITLED AN ACT To amend Sections 16-25-23, 36-27-28, 36-27-170, 40-18-14, and
40-18-19 repeal Section 40-18-20 Code of Alabama 1975, to require individuals,...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB92.htm - 24K - Match Info - Similar pages
SB236
173775-1:n:02/12/2016:LFO-LC/bdl SB236 By Senator Smitherman RFD Finance and Taxation Education
Rd 1 16-FEB-16 SYNOPSIS: This bill would provide for a supplemental two percent cost-of-living
increase for retirees under the Teachers' Retirement System beginning October 1, 2016. A BILL
TO BE ENTITLED AN ACT Relating to public education retirees; to provide for a two percent
cost-of-living adjustment for retirees of the Teachers' Retirement System beginning October
1, 2016. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) Commencing October 1,
2016, there is provided an increase in benefits to each person currently receiving benefits
whose effective date of retirement was prior to October 1, 2015, for purposes of receiving
benefits, and to certain beneficiaries of deceased members and deceased retirees currently
receiving survivor benefits, if the effective date of retirement or death for the deceased
retiree or deceased member was prior to October 1, 2015, for purposes of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB236.htm - 4K - Match Info - Similar pages
SB311
174307-1:n:02/18/2016:LFO-LC/bdl SB311 By Senator Beasley RFD Finance and Taxation Education
Rd 1 01-MAR-16 SYNOPSIS: This bill would provide for a supplemental four percent cost-of-living
increase for retirees under the Teachers' Retirement System beginning October 1, 2016. A BILL
TO BE ENTITLED AN ACT Relating to public education retirees; to provide for a four percent
cost-of-living adjustment for retirees of the Teachers' Retirement System beginning October
1, 2016. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) Commencing October 1,
2016, there is provided an increase in benefits to each person currently receiving benefits
whose effective date of retirement was prior to October 1, 2015, for purposes of receiving
benefits, and to certain beneficiaries of deceased members and deceased retirees currently
receiving survivor benefits, if the effective date of retirement or death for the deceased
retiree or deceased member was prior to October 1, 2015, for purposes of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB311.htm - 4K - Match Info - Similar pages
SB351
SB351 ENGROSSED By Senators McClendon and Dial A BILL TO BE ENTITLED AN ACT To amend Sections
16-16B-1 and 16-16B-2, Code of Alabama 1975, relating to the Alabama Ahead Act; commencing
with the 2016-2017 school year, to delete the requirement that tablets and mobile computers
be pen-enabled; to delete the phase-in provisions; to delete the reassignment provisions;
to delete the requirement for the establishment of an advisory committee; to establish the
Alabama Ahead Oversight Committee; to make participation by local school systems voluntary;
to provide that funds be used to purchase and install, maintain or upgrade a high-quality,
standards-based, broadband Wi-Fi infrastructure and mobile digital computing devices to enable
access to digital instructional materials in all public school classrooms; and to amend Section
14 of Act 2012-560, 2012 Regular Session, to delete the requirement that implementation of
the act be contingent upon separate legislative enactment. BE IT ENACTED BY...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB351.htm - 17K - Match Info - Similar pages
|