HB411
180643-2:n:02/07/2017:LFO-HP/jmb HB411 By Representative Ingram RFD Ways and Means Education Rd 1 14-MAR-17 SYNOPSIS: Currently, the State of Alabama allows a maximum standard deduction for taxpayers in a specified adjusted gross income range for Alabama individual income tax purposes. This bill would expand the adjusted gross income range allowable for a maximum standard deduction for Alabama individual income tax purposes. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-15, Code of Alabama 1975, to expand the adjusted gross income range allowable for a maximum standard deduction. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. 40-18-15, Code of Alabama 1975, is hereby amended as follows: §40-18-15. "(a) No deduction shall be allowed for any losses, expenses, or interest deferred or disallowed pursuant to 26 U.S.C. § 267 or for any cost required to be capitalized in accordance with 26 U.S.C. § 263A; otherwise, there shall be allowed as deductions: "(1) All ordinary and...
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SB293
180643-2:n:02/07/2017:LFO-HP/jmb SB293 By Senators Marsh, Melson, Blackwell, Waggoner, McClendon, Livingston and Reed RFD Finance and Taxation Education Rd 1 09-MAR-17 SYNOPSIS: Currently, the State of Alabama allows a maximum standard deduction for taxpayers in a specified adjusted gross income range for Alabama individual income tax purposes. This bill would expand the adjusted gross income range allowable for a maximum standard deduction for Alabama individual income tax purposes. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-15, Code of Alabama 1975, to expand the adjusted gross income range allowable for a maximum standard deduction. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. 40-18-15, Code of Alabama 1975, is hereby amended as follows: §40-18-15. "(a) No deduction shall be allowed for any losses, expenses, or interest deferred or disallowed pursuant to 26 U.S.C. § 267 or for any cost required to be capitalized in accordance with 26 U.S.C. § 263A; otherwise,...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB293.htm - 18K - Match Info - Similar pages
SB76
SB76 ENGROSSED By Senator Smitherman A BILL TO BE ENTITLED AN ACT To amend Section 40-18-15, Code of Alabama 1975, relating to individual income tax; to allow a taxpayer to claim a deduction for all prenatal medical expenses separate from the deduction allowed for medical and dental expenses; and to prohibit any deduction allowed for prenatal medical expenses from being used in calculating the deduction for medical and dental expenses. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-18-15 of the Code of Alabama 1975, is amended to read as follows: §40-18-15. "(a) No deduction shall be allowed for any losses, expenses, or interest deferred or disallowed pursuant to 26 U.S.C. § 267 or for any cost required to be capitalized in accordance with 26 U.S.C. § 263A; otherwise, there shall be allowed as deductions: "(1) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, as determined in accordance with 26...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB76.htm - 18K - Match Info - Similar pages
SB67
181310-1:n:01/17/2017:JET*/th LRS2017-178 SB67 By Senators Coleman-Madison, Smitherman, Beasley, Figures and Pittman RFD Fiscal Responsibility and Economic Development Rd 1 07-FEB-17 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...
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HB177
181269-1:n:01/26/2017:MA/mfc LRS2016-3600 HB177 By Representatives Pettus, Hanes, Mooney, Greer, Fridy, Patterson and Williams (JW) RFD Ways and Means Education Rd 1 09-FEB-17 SYNOPSIS: Under existing law, the State Employees' Health Insurance Plan and the Public Education Employees' Health Insurance Plan are governed by the State Employees' Insurance Board (SEIB) and the Public Education Employees' Health Insurance Board (PEEHIB), respectively. This bill would create a new board, titled the Public Employees' Health Insurance Board (PEHIB), to govern these two health insurance plans. This bill would provide for the membership of the board, election and qualifications of certain members, and terms for appointed and elected members. This bill would provide that all references to the State Employees' Insurance Board and the Public Education Employees' Health Insurance Board in state law be amended to reference the Public Employees' Health Insurance Board. This bill would allow the new...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB177.htm - 141K - Match Info - Similar pages
HB356
183263-1:n:03/01/2017:EBO-KB/mej HB356 By Representative Patterson RFD State Government Rd 1 02-MAR-17 SYNOPSIS: This bill would create an option for certain retirees of the Teachers' Retirement System and the Employees' Retirement System to elect to receive a lump-sum cash payment equal to and in lieu of a portion of his or her retirement allowance, not to exceed 50 percent. This bill would require the Director of Finance to certify to the Board of Control, the Governor, and the presiding officer of each house of the Legislature whether or not available funds are sufficient and economic conditions are satisfactory to support the financial viability of the lump-sum retirement allowance option and would delay the offering of the option for a period of 12 months if economic conditions do not support the viability of the lump-sum option. This bill would also create the Alabama Pension Authority and would authorize the authority to issue bonds to fund the lump-sum retirement allowance...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB356.htm - 122K - Match Info - Similar pages
SB302
SB302 ENGROSSED By Senators Ward and Albritton A BILL TO BE ENTITLED AN ACT Relating to the finance and construction of prisons; to amend the heading of Chapter 101A (commencing with Section 11-101A-1) of Title 11 and Sections 11-101A-1, 11-101A-2, 11-101A-4, and 11-101A-8 of and to add Section 11-101A-8.1 to the Code of Alabama 1975; to authorize counties and municipalities to create authorities to construct prisons; to authorize the Department of Corrections to enter into a lease of up to three prisons from authorities; to amend Sections 14-2-1, 14-2-6, 14-2-12, 14-2-13.1, 14-2-14, 14-2-16, 14-2-19, 14-2-21, 14-2-28, and 14-2-34, Code of Alabama 1975, to allow the Alabama Corrections Institution Finance Authority to issue up to $350 million in bonds for the purpose of the renovation of existing prison facilities and the construction of a new prison upon the lease of two prison facilities from a local authority; to revise the membership of the authority; to require reporting to the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB302.htm - 80K - Match Info - Similar pages
SB321
183263-1:n:03/01/2017:EBO-KB/mej SB321 By Senator Hightower RFD Finance and Taxation Education Rd 1 15-MAR-17 SYNOPSIS: This bill would create an option for certain retirees of the Teachers' Retirement System and the Employees' Retirement System to elect to receive a lump-sum cash payment equal to and in lieu of a portion of his or her retirement allowance, not to exceed 50 percent. This bill would require the Director of Finance to certify to the Board of Control, the Governor, and the presiding officer of each house of the Legislature whether or not available funds are sufficient and economic conditions are satisfactory to support the financial viability of the lump-sum retirement allowance option and would delay the offering of the option for a period of 12 months if economic conditions do not support the viability of the lump-sum option. This bill would also create the Alabama Pension Authority and would authorize the authority to issue bonds to fund the lump-sum retirement...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB321.htm - 122K - Match Info - Similar pages
HB155
Rep(s). By Representative Clouse HB155 ENROLLED, An Act, To make appropriations for the ordinary expenses of the executive, legislative, and judicial agencies of the State, for other functions of government, for debt service, and for capital outlay for the fiscal year ending September 30, 2018. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. The monies in Section 2 are appropriated from the named funds for the 2018 fiscal year to the state agencies indicated, as the amounts to be used to pay the expenditures of the named agencies, and are in lieu of all monies appropriated for these purposes in other sections of the Alabama Statutes. For the purpose of this act, the amounts herein for expenditures are listed by programmatic area and the totals for all programs are shown by the source of funds. It is intended that only the herein named funds be appropriated in the amounts specified to the named agencies and that the following definitions shall be applicable. "Appropriation...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB155.htm - 212K - Match Info - Similar pages
SB150
181375-1:g:01/17/2017:EBO-DHC/jat SB150 By Senator Pittman RFD Finance and Taxation General Fund Rd 1 09-FEB-17 SYNOPSIS: This bill makes appropriations for the ordinary expenses of the executive, legislative and judicial agencies of the State, for other functions of government, for debt service, and for capital outlay for the fiscal year ending September 30, 2018. A BILL TO BE ENTITLED AN ACT To make appropriations for the ordinary expenses of the executive, legislative and judicial agencies of the State, for other functions of government, for debt service, and for capital outlay for the fiscal year ending September 30, 2018. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. The monies in Section 2 are appropriated from the named funds for the 2018 fiscal year to the state agencies indicated, as the amounts to be used to pay the expenditures of the named agencies, and are in lieu of all monies appropriated for these purposes in other sections of the Alabama Statutes. For the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB150.htm - 211K - Match Info - Similar pages
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