HB1
185344-1:n:04/18/2017:KBH/mfc LRS2017-1662 HB1 By Representatives Hanes, Shedd, Whorton (I),
Whorton (R), Wadsworth, Fincher, Mooney and Standridge RFD Ways and Means General Fund Rd
1 09-JAN-18 SYNOPSIS: Existing law provides for the Deferred Retirement Option Plan (DROP),
which contractually allows a member of the Employees' Retirement System (ERS) or the Teachers'
Retirement System (TRS) to continue employment with his or her employer for a specific period
of time, while deferring a portion of his or her retirement allowance until the end of the
participation period, at which time the member withdraws from his or her service. Existing
law provides that participation in DROP is prohibited after March 24, 2011. This bill would
reopen participation in the DROP program and would further provide options for Tier I and
Tier II members to participate in DROP. A BILL TO BE ENTITLED AN ACT To amend Sections 16-25-150,
16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama 1975, relating...
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HB532
185344-1:n:04/18/2017:KBH/mfc LRS2017-1662 HB532 By Representatives Hanes, Whorton (R) and
Mooney RFD Ways and Means General Fund Rd 1 18-APR-17 SYNOPSIS: Existing law provides for
the Deferred Retirement Option Plan (DROP), which contractually allows a member of the Employees'
Retirement System (ERS) or the Teachers' Retirement System (TRS) to continue employment with
his or her employer for a specific period of time, while deferring a portion of his or her
retirement allowance until the end of the participation period, at which time the member withdraws
from his or her service. Existing law provides that participation in DROP is prohibited after
March 24, 2011. This bill would reopen participation in the DROP program and would further
provide options for Tier I and Tier II members to participate in DROP. A BILL TO BE ENTITLED
AN ACT To amend Sections 16-25-150, 16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama
1975, relating to the Deferred Retirement Option Plan (DROP); to...
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HB351
183041-1:n:03/01/2017:LLR/cj LRS2017-690 HB351 By Representatives Knight and McClammy RFD State
Government Rd 1 02-MAR-17 SYNOPSIS: Under existing law, a member of the Clerks' and Registers'
Supernumerary Fund is not allowed to transfer his or her creditable service and accumulated
contributions to the Teachers' Retirement System, the Employees' Retirement System, or the
Judicial Retirement Fund is not open to members of the Clerks' and Registers' Supernumerary
Fund. This bill would allow a member of the Clerks' and Registers' Supernumerary Fund to transfer
his or her creditable service and accumulated contributions to the Teachers' Retirement System,
the Employees' Retirement System, or the Judicial Retirement Fund. A BILL TO BE ENTITLED AN
ACT To amend Sections 12-18-110, 16-25-4, and 36-27-12.1 of the Code of Alabama 1975, relating
to retirement; to allow a member of the Clerks' and Registers' Supernumerary Fund to transfer
where appropriate his or her creditable service and...
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HB472
183688-2:n:04/06/2017:JMH/mfc LRS2017-839R1 HB472 By Representative Poole RFD Judiciary Rd
1 06-APR-17 SYNOPSIS: Under existing law, the Alabama Partnership Act governs the formation,
powers, governance, and dissolution of partnerships in the state. This bill would revise the
Alabama Partnership Act and would specify that the procedures for formation, powers, governance,
and dissolution are applicable to limited liability limited partnerships, limited liability
partnerships, foreign limited liability partnerships, and foreign limited liability partnerships
that function in the state. This bill would make conforming changes elsewhere in the business
entities law. A BILL TO BE ENTITLED AN ACT Relating to business entities; to amend Section
10A-1-1.02, Section 10A-1-1.03, as amended by Act 2016-379, 2016 Regular Session, Sections
10A-1-1.06, 10A-1-1.08, 10A-1-1.12, 10A-1-2.02, 10A-1-3.06, 10A-1-3.17, 10A-1-3.32, 10A-1-3.33,
10A-1-3.41, 10A-1-4.01, 10A-1-4.02, 10A-1-4.25, 10A-1-4.31,...
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SB361
SB361 ENGROSSED By Senators Orr and Whatley A BILL TO BE ENTITLED AN ACT Relating to business
entities; to amend Section 10A-1-1.02, Section 10A-1-1.03, as amended by Act 2016-379, 2016
Regular Session, Sections 10A-1-1.06, 10A-1-1.08, 10A-1-1.12, 10A-1-2.02, 10A-1-3.06, 10A-1-3.17,
10A-1-3.32, 10A-1-3.33, 10A-1-3.41, 10A-1-4.01, 10A-1-4.02, 10A-1-4.25, 10A-1-4.31, 10A-1-5.01,
10A-1-5.02, 10A-1-5.03, 10A-1-5.04, 10A-1-5.05, 10A-1-5.06, 10A-1-5.07, and 10A-1-5.08; to
add Section 10A-1-5.10; to amend Sections 10A-1-5.11, 10A-1-5.12, 10A-1-5.31, 10A-1-5.32,
10A-1-5.33, 10A-1-7.01, 10A-1-7.02, 10A-1-7.03, 10A-1-7.04, 10A-1-7.05, and 10A-1-7.06, Section
10A-1-7.07, as amended by Act 2016-379, 2016 Regular Session, 10A-1-7.11, 10A-1-7.12, 10A-1-7.13,
10A-1-7.14, 10A-1-7.22, 10A-1-7.23, 10A-1-7.24, 10A-1-7.31, 10A-1-7.32, 10A-1-7.34, 10A-1-7.36,
10A-1-7.37, 10A-1-8.01, 10A-1-8.02, and 10A-1-8.03, to amend and renumber Section 10A-1-9.01
as 10A-1-9.02, to add a new Section 10A-1-9.01, and to...
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SB381
185648-1:n:04/20/2017:KBH/cj LRS2017-1836 SB381 By Senators Shelnutt and Stutts RFD Finance
and Taxation Education Rd 1 20-APR-17 SYNOPSIS: Existing law provides for the Deferred Retirement
Option Plan (DROP), which contractually allows a member of the Employees' Retirement System
(ERS) or the Teachers' Retirement System (TRS) to continue employment with his or her employer
for a specific period of time, while deferring a portion of his or her retirement allowance
until the end of the participation period, at which time the member withdraws from his or
her service. Existing law provides that participation in DROP is prohibited after March 24,
2011. This bill would reopen participation in the DROP program and would further provide options
for Tier I and Tier II members to participate in DROP. A BILL TO BE ENTITLED AN ACT To amend
Sections 16-25-150, 16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama 1975, relating
to the Deferred Retirement Option Plan (DROP); to reopen...
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HB23
179032-1:n:08/04/2016:LLR/tj LRS2016-2533 HB23 By Representatives Greer, Fridy, Williams (P),
Mooney, Wingo, Crawford, Pettus, Lee, Weaver, Moore (B), Hammon, Faust, Brown, Wood, Rich,
Ainsworth, Ledbetter, Whorton (R), Holmes (M), Nordgren, South, Beckman, McMillan, Martin,
Carns, Henry, Whorton (I), Wilcox, Williams (JW), Harper, Faulkner, Drake, Williams (JD),
Garrett, Patterson, Rowe, Harbison, Johnson (K), Butler, Hurst, Tuggle, Hanes, Pringle, Ball,
Shiver, Treadaway, Millican, Hill, Clouse, Chesteen, Farley, Fincher and McCutcheon RFD Ways
and Means Education Rd 1 07-FEB-17 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 amend Section 40-18-19, Code of Alabama 1975, as amended by
Act 2015-442, relating to exemptions from state income taxation; to...
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SB159
SB159 ENGROSSED By Senators Whatley and Dial A BILL TO BE ENTITLED AN ACT To create a separate
fund in the State Treasury known as the Education Retirees' Trust Fund for Cost of Living
Adjustments for the purpose of establishing a permanent trust and investment account for the
funds and earnings received to provide education retirees with cost-of-living increase or
one-time bonuses. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. The Legislature
of Alabama has determined that it would be advisable for the state to create an irrevocable
trust whereby the state may begin funding cost-of-living adjustments or one-time bonuses for
Alabama retired education employees. Therefore, the Teachers’ Retirement System Board of
Control is authorized and directed to create the irrevocable trust to be named the "Education
Retirees' Trust Fund for Cost-of-Living Adjustments," which shall be created, funded,
and administered in accordance with the provisions of this chapter. Section 2. The...
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HB264
Rep(s). By Representatives Faulkner, Johnson (K) and Blackshear HB264 ENROLLED, An Act, To
amend Section 19-3B-508 of the Code of Alabama 1975, relating to qualified trusts under the
federal tax code; to further define the term qualified trust; to provide for the treatment
of benefits of such trusts for purposes of assignment or alienation of such accounts and the
exclusion from federal bankruptcy and insolvency laws. BE IT ENACTED BY THE LEGISLATURE OF
ALABAMA:Section 1. Section 19-3B-508 of the Code of Alabama 1975, is amended to read as follows:
§19-3B-508. "(e)(a) As used in this section: "(1) ASSIGNMENT or ALIENATION, and
any conjugation thereof, includes any anticipation, assignment at law or in equity, alienation,
attachment, garnishment, levy, execution, or other legal or equitable process. The term includes:
(i) any arrangement providing for the payment to the employer or other sponsor of such plan
of benefits that otherwise would be due the participant under the plan; (ii)...
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SB123
SB123 ENGROSSED By Senators Marsh, McClendon, Glover, Whatley, Waggoner, Shelnutt, Pittman,
Dial, Allen, Williams, Albritton and Melson A BILL TO BE ENTITLED AN ACT To amend Sections
16-6D-3, 16-6D-4, 16-6D-6, 16-6D-8, and 16-6D-9, Code of Alabama 1975, relating to Alabama
Accountability Act of 2013; to provide further for definitions; to make income tax credits
available to trusts and estates; to increase the cap on income tax credits for donations to
scholarship granting organizations; to create a credit against utility gross receipts tax
liability for donations to scholarship granting organizations; to establish procedures for
claiming a credit against the utility gross receipts tax; to require scholarship granting
organizations to obtain audited financial statements annually; and to require the Department
of Revenue or its agent to perform an audit of each scholarship granting organization at least
triennially. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections...
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