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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...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB353.htm - 73K - Match Info - Similar pages
HB70
203371-2:n:01/14/2020:FC/bm LSA2019-2852R1 HB70 By Representative Rich RFD Insurance Rd 1 04-FEB-20
SYNOPSIS: Under existing law, an insurance company may enter into an insurance contract to
insure a risk and the insurance company may reinsure the risk with another insurance company.
The Insurance Department generally requires a company to maintain reserves and regulates when
an insurance company entering into a reinsurance contract with another insurer may receive
credit against its otherwise required reserves. This bill would make Alabama's law regulating
reinsurers and the credit an insurer may apply against its otherwise required reserves substantially
similar to the current version of the Credit for Reinsurance Model Law developed by the National
Association of Insurance Commissioners. A BILL TO BE ENTITLED AN ACT Relating to insurance;
to implement the reinsurance collateral provisions of the covered agreements that were entered
into between the United States and the European...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB70.htm - 22K - Match Info - Similar pages
HB8
200106-1:n:04/29/2019:LK/bm LSA2019-1598 HB8 By Representative Allen RFD State Government Rd
1 04-FEB-20 SYNOPSIS: Existing law relating to the adoption of new rules by agencies grants
the Joint Committee on Administrative Regulation Review discretionary authority to approve,
disapprove, or recommend changes to an agency's proposed rule, or to render no action and
approve an agency's proposed rule by implication. The existing review process for proposed
rules also requires that: (1) proposed rules which have an economic impact on businesses must
be accompanied by a Business Economic Impact Statement detailing the proposed rule's estimated
impact on businesses; and (2) proposed rules which have any economic impact must be accompanied
by a fiscal note detailing the rule's impact on the state, its governmental and non-governmental
entities, and its residents, generally. The joint committee, upon receipt of these materials,
may exercise its discretionary power to require the agency to...
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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
SB54
203371-2:n:01/14/2020:FC/bm LSA2019-2852R1 SB54 By Senator Shelnutt RFD Banking and Insurance
Rd 1 04-FEB-20 SYNOPSIS: Under existing law, an insurance company may enter into an insurance
contract to insure a risk and the insurance company may reinsure the risk with another insurance
company. The Insurance Department generally requires a company to maintain reserves and regulates
when an insurance company entering into a reinsurance contract with another insurer may receive
credit against its otherwise required reserves. This bill would make Alabama's law regulating
reinsurers and the credit an insurer may apply against its otherwise required reserves substantially
similar to the current version of the Credit for Reinsurance Model Law developed by the National
Association of Insurance Commissioners. A BILL TO BE ENTITLED AN ACT Relating to insurance;
to implement the reinsurance collateral provisions of the covered agreements that were entered
into between the United States and the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB54.htm - 22K - Match Info - Similar pages
SB61
SB61 ENGROSSED By Senator Jones A BILL TO BE ENTITLED AN ACT Relating to the licensed practice
of psychology; to provide and adopt the Psychology Interjurisdictional Compact to allow licensed
psychologists to practice among compact states in a limited manner; to provide eligibility
requirements for licensed psychologists to practice pursuant to the compact; to provide for
a coordinated licensure information system, joint investigations, and disciplinary actions;
to establish the Psychology Interjurisdictional Compact Commission, and to provide for membership,
powers, and duties, and provide for rulemaking functions of the commission; and to provide
for oversight of the compact, enforcement of the compact, default procedures, dispute resolution,
withdrawal of compact states, and dissolution of the compact. BE IT ENACTED BY THE LEGISLATURE
OF ALABAMA: Section 1. PURPOSE Whereas, states license psychologists in order to protect the
public through verification of education, training, and...
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SB133
SB133 By Senator Livingston ENROLLED, An Act, To amend Sections 35-8B-1, 35-8B-2, and 35-8B-3,
Code of Alabama 1975, relating to community development districts; to create additional classes
of community development districts; and to provide for the incorporation and powers of the
districts. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 35-8B-1, 35-8B-2,
and 35-8B-3, Code of Alabama 1975, are amended to read as follows: §35-8B-1. "(a) "Community
development district" shall mean a private residential development that: (1) Is a size
of at least 250 acres of contiguous land area; (2) has at least 100 residential sites, platted
and recorded in the probate office of the county as a residential subdivision; (3) has streets
that were or will be built with private funds; (4) has a social club with: (i) an 18-hole
golf course of regulation size; (ii) a restaurant or eatery used exclusively for the purpose
of preparing and serving meals, with a seating capacity of at least 60...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/SB133.htm - 27K - Match Info - Similar pages
HB338
202919-2:n:02/26/2020:CNB/ma LSA2019-2439 HB338 By Representatives Simpson, Brown (C), Marques,
Shaver, Stringer, Reynolds, McMillan, Wilcox, Whitt, Stadthagen, McCutcheon, Estes, Allen,
Isbell, Kitchens, Brown (K), Wood (D), Farley, Drummond, Clarke, Ledbetter, Jones (S), Moore
(M), Givan, Meadows, Gray, Hollis, Fridy, Collins, Hall, Wadsworth, Rowe, South, Pettus, Faulkner,
Daniels, Rafferty and Robertson RFD Judiciary Rd 1 27-FEB-20 SYNOPSIS: Under existing law,
in a criminal prosecution for a physical or sexual offense there are certain protections offered
to victims and witnesses who are under the age of 16 at the time of trial. This bill would
provide these additional protections to a victim or a witness who is a protected person. This
bill would also define child and protected person. Under existing law, additional protections
are available in cases involving a physical offense, sexual offense, or sexual exploitation
of a child. This bill would also provide for additional...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB338.htm - 28K - Match Info - Similar pages
HB186
Rep(s). By Representative Clouse HB186 ENROLLED, An Act, To make a supplemental appropriation
from the Alabama State Board of Midwifery Fund to the Alabama State Board of Midwifery in
the amount of $25,000 for the fiscal year ending September 30, 2020; to make a supplemental
appropriation from the Genetic Counseling Fund to the Alabama Board of Genetic Counseling
in the amount of $70,000 for the fiscal year ending September 30, 2020; to make a supplemental
appropriation from the Alabama Bail Bond Board Fund to the Alabama Professional Bail Bonding
Board in the amount of $61,620 for the fiscal year ending September 30, 2020; to make a supplemental
appropriation from the Forever Wild Land Trust Fund to the Board of Forever Wild Land Trust
in the amount of $3,050,000 for the fiscal year ending September 30, 2020; to make a supplemental
appropriation from the State General Fund to the Department of Finance in the amount of $11,000,000
for the fiscal year ending September 30, 2020; to make...
alisondb.legislature.state.al.us/alison/searchableinstruments/2020RS/bills/HB186.htm - 6K - Match Info - Similar pages
SB129
SB129 By Senators Chambliss and Albritton ENROLLED, An Act, To create the General Fund Budget
Reserve Fund; to transfer monies to the fund; and to provide for the withdrawal and use of
amounts deposited into the fund. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This
act shall be known as the General Fund Budget Reserve Act. Section 2. As used in this act,
the following terms shall have the following meaning: (1) Ending Balance. The balance in the
General Fund at the conclusion of a fiscal year, excluding General Fund appropriations unexpended
and reverted. The term shall not include any balances remaining in any fund other than the
General Fund. (2) Beginning Balance. The balance in the General Fund the first day of a fiscal
year, excluding any General Fund reversions. The term shall not include the beginning balance
in any fund other than the General Fund. Section 3. There is hereby created within the State
Treasury the General Fund Budget Reserve Fund, to which monies...
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