HB349
the leased tangible personal property by the lessee, which right to purchase such property shall be exercisable solely at the option of the lessee; "c. The appropriate sales or use tax levied by the state shall have been paid with respect to the acquisition or use of the leased tangible personal property, or, alternatively, the acquisition or use of such property shall be exempt by law from such sales or use tax; "d. The leased tangible personal property shall be installed in or about an industrial plant or other real property that was specially constructed or modified for the location and use of such tangible personal property and that is owned, or considered to be owned for either Alabama or federal income tax purposes or both, by a corporation, partnership, or other entity controlled by, or under common control with, the lessee of such tangible personal property; and "e. The leased tangible property shall be used only by a lessee engaged in the iron and steel industry, and the...
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HB382
174361-1:n:02/23/2016:KBH/th LRS2016-715 HB382 By Representatives Hanes, Whorton (R) and Williams (JW) RFD Agriculture and Forestry Rd 1 10-MAR-16 SYNOPSIS: Under existing law, a person is strictly liable for injury or damage to persons or domestic animals of persons as a result of using traps or other similar devices on public lands to take, capture, or kill fur-bearing animals protected by the laws of this state. This bill would remove the strict liability standard for injury or damage to persons or domestic animals by persons using traps or other similar devices on public lands. A BILL TO BE ENTITLED AN ACT To amend Section 9-11-264 of the Code of Alabama 1975, as amended by Act 2015-485, 2015 Regular Session, relating to the liability for injury or damage to persons or domestic animals by persons using traps or other similar devices on public lands; to remove the strict liability standard. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 9-11-264 of the Code of...
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HB85
after the due date of the premium in default, an actuarially equivalent alternative paid-up nonforfeiture benefit which provides a greater amount or longer period of death benefits or, if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender of the policy within 60 days after the due date of any premium payment in default after premiums have been paid for at least three full years in the case of ordinary insurance or five full years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article. (3) That a specified paid-up nonforfeiture benefit shall become effective as specified in the policy unless the person entitled to make such election elects another available option not later than 60 days after the due date of the premium in default. (4) That, if the policy shall have become paid up by completion of all premium payments,...
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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...
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SB227
SB227 ENGROSSED By Senators Reed and Melson A BILL TO BE ENTITLED AN ACT To add a new Article 6 to Title 34, Chapter 21, Code of Alabama 1975, relating to the Board of Nursing; to create a Loan Repayment Program for Advanced-Practice Nursing; to establish and describe the program, to be run by the Board of Nursing; to state that the program shall be funded by direct appropriation from the Education Trust Fund; to provide definitions; to outline the procedure for the Board to award loans to applicants and to require loan repayment through work in medically underserved areas, called areas of critical need; to establish provisions for default or other failure to honor loan-repayment contracts between applicants and the Board; to provide a state income-tax credit for participants; and to further provide other requirements and powers of the Board for running the program. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. A new Article 6 of Chapter 21 of Title 34 is added to the Code...
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HB125
Rep(s). By Representatives Collins and Baker HB125 ENGROSSED A BILL TO BE ENTITLED AN ACT Relating to public education; to create the Alabama Longitudinal Data System to provide for the matching of information about students from early learning through postsecondary education and into employment; to create the Alabama Office of Education and Workforce Statistics to develop, operate, and maintain the system; to provide for the protection and safeguarding of confidential student and workforce information; to create an advisory board to the Alabama Office of Education and Workforce Statistics; to provide for the adoption of statewide governance policies; to require the State Board of Education, the Board of Trustees of the Alabama Community College System, and the Alabama Commission on Higher Education to define remediation and the process of remediation to be utilized. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) For the purposes of this section, the following terms shall...
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HB217
the Board of Trustees of the Alabama Community College System or its designee, may adopt any rules necessary to establish standards for participation and eligibility and to implement and administer this act. The division shall consult with the Department of Revenue to coordinate implementation and administration of this act. (b) The division shall provide an annual report to the Chair of the House Ways and Means Education Committee and the Chair of the Senate Finance and Taxation Education Committee to account for the effectiveness of the apprenticeship program under this act. Section 5. The income tax credit allowed under this act shall be effective January 1, 2017, for the 2017 taxable year and subsequent taxable years thereafter. Section 6. This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law. Taxation Tax Credits Employers Popular Names Apprentice Revenue Department Alabama Industrial Development Training...
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HB341
174033-1:n:02/17/2016:LLR/mfc LRS2016-620 HB341 By Representative Todd RFD Ways and Means General Fund Rd 1 25-FEB-16 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 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 given to secure the payment of any debt which conveys any real or personal property. This bill also would provide for the distribution of the additional proceeds from the increased fees to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative. 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...
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HB523
176297-1:n:03/28/2016:PMG/tj LRS2016-1307 HB523 By Representative Scott RFD Ways and Means Education Rd 1 12-APR-16 SYNOPSIS: Under existing law, governmental bodies of municipalities, counties, and public industrial authorities may grant abatements of taxes or property to certain private enterprises and businesses. This bill would require governmental bodies of municipalities, counties, and public industrial authorities that grant abatements of taxes or property to submit to the Legislature a report on these abatements every year. A BILL TO BE ENTITLED AN ACT Relating to tax abatements; to add Section 40-96-14 to the Code of Alabama 1975; to require governmental bodies of municipalities, counties, and public industrial authorities that grant abatements of taxes or property to submit to the Legislature a report on these abatements every year. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Section 40-96-14 is added to the Code of Alabama 1975, to read as follows: §40-96-14....
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HB65
164062-4:n:01/25/2016:FC/tj LRS2015-122R3 HB65 By Representative Hill (M) RFD Insurance Rd 1 02-FEB-16 SYNOPSIS: This bill would provide further for the regulation of insurance by requiring certain insurers to maintain a risk management framework and complete an Own Risk and Solvency Assessment (ORSA) to be filed with the Commissioner of Insurance; by adopting a law substantially similar to the Risk Management and Own Risk and Solvency Assessment Model Act developed by the National Association of Insurance Commissioners. The bill would provide that documents and other information from an insurer in an assessment would be confidential and privileged except as otherwise provided in the bill. A BILL TO BE ENTITLED AN ACT Relating to the State Insurance Department and the regulation of insurance; to add Chapter 29A to Title 27, Code of Alabama 1975; to provide requirements for maintaining a risk management framework and completing an Own Risk and Solvency Assessment (ORSA), with...
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