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HB353
205816-1:n:02/27/2020:LSA-KF/jmb HB353 By Representative Garrett RFD Ways and Means Education
Rd 1 27-FEB-20 SYNOPSIS: Under existing law, financial institutions are taxed at a rate of
six and one-half percent of net income and allowed to deduct federal income taxes paid or
accrued during the taxpayers tax year. Under existing law, corporate income taxpayers are
taxed at a rate equal to six and one-half percent of taxable income and allowed to deduct
federal income taxes paid or accrued within the year. Under existing law, the apportionment
factor for most corporate income taxpayers is calculated using a three-factor apportionment
formula, with the sales factor double-weighted. The 2017 federal Tax Cuts and Jobs Act eliminated
or limited business deductions and created new classes of income for corporate income taxpayers.
Since Alabama is a rolling conformity state, Alabama automatically conforms to many of the
federal tax changes without new legislation. This bill would decrease the...
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SB250
205816-1:n:02/27/2020:LSA-KF/jmb SB250 By Senators Roberts and Marsh RFD Finance and Taxation
Education Rd 1 27-FEB-20 SYNOPSIS: Under existing law, financial institutions are taxed at
a rate of six and one-half percent of net income and allowed to deduct federal income taxes
paid or accrued during the taxpayers tax year. Under existing law, corporate income taxpayers
are taxed at a rate equal to six and one-half percent of taxable income and allowed to deduct
federal income taxes paid or accrued within the year. Under existing law, the apportionment
factor for most corporate income taxpayers is calculated using a three-factor apportionment
formula, with the sales factor double-weighted. The 2017 federal Tax Cuts and Jobs Act eliminated
or limited business deductions and created new classes of income for corporate income taxpayers.
Since Alabama is a rolling conformity state, Alabama automatically conforms to many of the
federal tax changes without new legislation. This bill would...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB250.htm - 73K - Match Info - Similar pages
HB130
203816-1:n:01/07/2020:LSA-JK/jmb HB130 By Representative Sorrell RFD Ways and Means General
Fund Rd 1 04-FEB-20 SYNOPSIS: Under existing law, all entities doing business or registered
to do business in Alabama have an annual filing obligation for Business Privilege Tax. This
bill would reduce the Business Privilege Tax each year over a ten-year period, beginning in
the tax year 2020 until the tax is eliminated after tax year 2029. A BILL TO BE ENTITLED AN
ACT To amend Section 40-14A-22, Code of Alabama, 1975, to eliminate the annual Business Privilege
Tax for all business entities over a ten-year period beginning in the tax year 2020. BE IT
ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-14A-22 is amended to read as follows:
§40-14A-22. "(a) Levy of tax. There is hereby levied an annual privilege tax on every
corporation, limited liability entity, and disregarded entity doing business in Alabama, or
organized, incorporated, qualified, or registered under the laws of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB130.htm - 20K - Match Info - Similar pages
HB4
200313-1:n:04/30/2019:LFO-KF**/jmb HB4 By Representative Holmes RFD Fiscal Responsibility Rd
1 04-FEB-20 SYNOPSIS: This bill would repeal various state taxes and levy instead a comprehensive
consumption tax. A BILL TO BE ENTITLED AN ACT To repeal the following provisions of the Code
of Alabama 1975: Chapter 18 of Title 40, Sections 40-27-1.1, and 40-31-1-through 40-31-4,
regarding the income tax; Chapter 9F of Title 40, regarding the tax credits for rehabilitation
of historic structures; Chapter 16 of Title 40, regarding the financial institutions excise
tax; Chapter 14 of Title 40, regarding the corporation tax; Sections 40-14A-1 through 40-14A-2,
40-14A-21 through 40-14A-29, and 40-14A-41 through 40-14A-43, regarding the business privilege
tax; Chapter 23 of Title 40, regarding the sales and use and contractors gross receipts
taxes; Sections 40-15-1 through 40-15-19, regarding estate and gift tax; Sections 40-15A-1
through 40-15A-14, regarding the generation-skipping transfer tax;...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB4.htm - 111K - Match Info - Similar pages
SB165
SB165 ENGROSSED By Senator Melson A BILL TO BE ENTITLED AN ACT Relating to the medical use
of cannabis; to add a new Chapter 2A to Title 20, Code of Alabama 1975; to amend Section 13A-7-2,
Code of Alabama 1975; to create the Compassion Act; to provide civil and criminal protections
to certain patients with a qualifying medical condition who have a valid medical cannabis
card for the medical use of cannabis; to establish the Alabama Medical Cannabis Commission
and provide for its membership and duties; to provide for certification of patients to authorize
use of medical cannabis; to license and regulate the cultivation, processing, transporting,
testing, and dispensing of medical cannabis; to prohibit certain types of medical cannabis
products; to provide for patient registry and seed-to-sale tracking; to impose taxes; to provide
certain legal protections for users of medical cannabis; to provide certain legal protections
for employers; to provide further for workers' compensation...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB165.htm - 112K - Match Info - Similar pages
HB109
203639-5:n:01/30/2020:LSA-JP*/jmb HB109 By Representatives Garrett, Sanderford, McMillan and
Scott RFD Ways and Means Education Rd 1 04-FEB-20 SYNOPSIS: This bill would establish the
Alabama Research and Development Act that would provide for a research and development tax
credit to certain Alabama companies. The credit would be based on in-house research, contracted
research expenses conducted in Alabama, and consortium research expenses for qualified research
conducted in Alabama. This bill would limit the Alabama Research and Development tax credits
to no more than $25 million of credits for research and development expenses in any calendar
year; and no eligible company or business could claim more than 20 percent in a single tax
year. A BILL TO BE ENTITLED AN ACT To enact the Alabama Research and Development Act; to allow
a research and development tax credit for qualified research expenses in Alabama; to provide
that no more than $20 million of tax credits for major research and...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB109.htm - 16K - Match Info - Similar pages
HB202
Rep(s). By Representative Poole HB202 ENROLLED, An Act, Relating to the Alabama Business and
Nonprofit Entities Code; to amend Sections 10A-1-1.02, 10A-1-1.03, and 10A-1-1.08, as amended
by Act 2019-94, 2019 Regular Session, Code of Alabama 1975; to add Sections 10A-1-3.07 and
10A-1-3.08 to the Code of Alabama 1975; to amend Sections 10A-1-3.32, as amended by Act 2019-94,
2019 Regular Session, 10A-1-3.33, as amended by Act 2019-304, 2019 Regular Session, 10A-1-3.42,
10A-1-4.01, and 10A-1-4.02, as amended by Act 2019-94, 2019 Regular Session, and 10A-1-4.05,
Code of Alabama 1975; to add Section 10A-1-4.07 to the Code of Alabama 1975; to amend Sections
10A-1-4.11, as amended by Act 2019-94, 2019 Regular Session, 10A-1-4.12, 10A-1-4.21 and 10A-1-4.31,
as amended by Act 2019-94, 2019 Regular Session, and Sections 10A-1-5.04 and 10A-1-5.11, Code
of Alabama 1975; to add Section 10A-1-5.17 to the Code of Alabama 1975; to amend Sections
10A-1-6.02, 10A-1-8.01, and 10A-1-8.02, as amended by Act...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB202.htm - 399K - Match Info - Similar pages
SB206
204031-1:n:02/07/2020:KMS/tgw LSA2020-130 SB206 By Senator Givhan RFD Judiciary Rd 1 18-FEB-20
SYNOPSIS: This bill would make changes to the Alabama Business and Nonprofit Entities Code
to allow business corporations to elect to become benefit corporations; allow electronic filing
of all entity filings to increase the speed at which businesses may be formed and by which
transactions may be accomplished; update definitions to include terms applicable to the allowance
of electronic and digital transactions and transmissions of filings, notices, and data; establish
certain basic standards for all filing instruments to allow for easier electronic transmission;
provide a mechanism to allow the Secretary of State to reject certain filing instruments which
are not accompanied by full payment, to assist in the electronic filing process; clarify the
requirements of certificates of existence for entities; remove certain outdated definitions
and matters to streamline the code; and to clarify that...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB206.htm - 400K - Match Info - Similar pages
SB182
SB182 ENGROSSED By Senators Orr, Albritton, Shelnutt, Butler, Melson and Allen A BILL TO BE
ENTITLED AN ACT Relating to the purchase of supplies and services by state government; to
repeal Article 5 (commencing with Section 41-4-110) of Chapter 4 of Title 41 of the Code of
Alabama 1975, creating the Division of Purchasing in the Department of Finance; to repeal
Article 2 (commencing with Section 41-16-20) and Article 3A (commencing with Section 41-26-70)
of Chapter 16 of Title 41, Code of Alabama 1975; and to add Article 5A (commencing with Section
41-4-110A) to Chapter 4 of Title 41 of the Code of Alabama 1975, creating the Office of the
Chief Procurement Officer and the position of Chief Procurement Officer to make or supervise
the purchase of supplies or services by the state and to provide for the appointment, qualifications,
duties, and authority of the Chief Procurement Officer; and to amend Sections 41-4-66 and
41-16-50 of the Code of Alabama 1975, to provide the Chief...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB182.htm - 91K - Match Info - Similar pages
HB239
203776-2:n:02/12/2020:CMH/bm LSA2019-3058 HB239 By Representative Garrett RFD State Government
Rd 1 13-FEB-20 SYNOPSIS: The bill would abolish the Division of Purchasing in the Department
of Finance and replace it with the Office of the Chief Procurement Officer to make or supervise
state purchases of supplies or services. The bill would provide for the appointment, qualifications,
duties, and authority of the Chief Procurement Officer. A BILL TO BE ENTITLED AN ACT Relating
to the purchase of supplies and services by state government; to repeal Article 5 (commencing
with Section 41-4-110) of Chapter 4 of Title 41 of the Code of Alabama 1975, creating the
Division of Purchasing in the Department of Finance; and to add Article 5A (commencing with
Section 41-4-110A) to Chapter 4 of Title 41 of the Code of Alabama 1975, creating the Office
of the Chief Procurement Officer and the position of Chief Procurement Officer to make or
supervise the purchase of supplies or services by the state...
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