|
HB304
165935-1::03/17/2015:EBO-JK/JK HB304 By Representatives Williams (P) and Ball RFD Technology
and Research Rd 1 17-MAR-15 SYNOPSIS: Under existing law, there are no economic incentives
or tax credits extended to Alabama businesses for qualified research expenses incurred by
Alabama companies that spend funds and resources in-house, or pay Alabama research companies
to conduct qualified research for new or improved products or services. This bill would establish
the Alabama Innovation Act that would provide for a research and development tax credit to
certain Alabama companies modeled on the federal research and development tax credit. The
credit would be 25 percent of new research at an Alabama research entity, and 5 percent for
other new research conducted in Alabama. The credit could be taken against the income tax
or the financial institution excise tax. This bill would limit the Alabama Innovation tax
credits to no more than $10 million of credits per year, and no eligible company...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB304.htm - 16K - Match Info - Similar pages
HB416
Rep(s). By Representative Pringle HB416 ENGROSSED A BILL TO BE ENTITLED AN ACT To enact the
Alabama Renewal Act; to enact new programs for the growth of business and industry in Alabama;
to create tax credits for increased use of the states port facilities; to create the Growing
Alabama Act tax credit to address economic development needs in Alabama that cannot be solved
with traditional tax incentives; to cap the credits; to provide for the carryforward of certain
earned but unused credits; to provide methods for claiming certain credits; to provide for
proof that credits are due to be granted; to provide for the promulgation of forms; to create
new Articles 18 and 19 of Chapter 18 of Title 40; to provide for the promulgation of regulations;
to provide for the severability of invalid provisions; to provide for the repeal of conflicting
laws; to provide for effective dates. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section
1. This act shall be known as the Alabama Renewal Act....
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB416.htm - 31K - Match Info - Similar pages
SB71
SB71 By Senator Marsh ENROLLED, An Act, To amend Sections 16-6D-4 and 16-6D-9, Code of Alabama
1975, relating to the Alabama Accountability Act of 2013; to clarify and confirm that the
intent of the Alabama Accountability Act of 2013 is educational choice; to amend certain current
definitions and add new definitions; to amend the reporting period for scholarship granting
organizations from a calendar year to an academic year; to clarify and confirm that educational
scholarships are provided to eligible students, not to particular schools; to require scholarship
granting organizations to determine the income eligibility of a scholarship recipient every
other year; to require all participating private schools to be accredited by one of the six
regional accrediting agencies, the National Council for Private School Accreditation, AdvancEd,
the American Association of Christian Schools, or one of their partner accrediting agencies,
within three years from the date their notice of intent to...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/SB71.htm - 47K - Match Info - Similar pages
HB584
be deposited with the State Treasurer to be continuously appropriated to the Department of
Human Resources to assist all children in temporary or permanent custody in foster care. "(9)
Contributions designated for mental health on the Alabama state resident individual income
tax return shall be deposited with the State Treasurer and shall be distributed equally to
the Alliance for the Mentally Ill of Alabama and to the Mental Health Consumers of Alabama.
"(10) Contributions to the Alabama Breast and Cervical Cancer Research Program
shall be deposited with the State Treasurer and distributed to the University of Alabama at
Birmingham, which shall implement and administer the program. "(11) Contributions to
the Neighbors Helping Neighbors Fund shall be deposited with the State Treasurer for distribution
by the Department of Economic and Community Affairs for weatherization assistance as provided
for under Article 6, commencing with Section 41-23-100, Chapter 23, Title 41. "(12)...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB584.htm - 136K - Match Info - Similar pages
HB476
166499-1:n:03/31/2015:LFO-KF/ccd HB476 By Representatives Knight, Scott, Robinson and Rogers
RFD Ways and Means Education Rd 1 09-APR-15 SYNOPSIS: Under current law, the state levies
an income tax upon all residents of the state and upon all nonresidents who receive income
from Alabama sources. Taxpayers are allowed standard deductions and personal exemptions in
computing income subject to the tax. This bill proposes the Alabama Individual Income Tax
Reform Act of 2015. This bill, which would be contingent upon the ratification of a constitutional
amendment to repeal the deduction of federal income tax payments on Alabama income tax returns,
would increase the standard deductions and personal exemptions allowed for Alabama income
tax purposes to the amounts allowed for federal income tax purposes. This bill also creates
a state earned income tax credit. A BILL TO BE ENTITLED AN ACT To amend Sections 40-18-15
and 40-18-19, Code of Alabama 1975, relating to income tax deductions and...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB476.htm - 26K - Match Info - Similar pages
HB368
166407-1:n:03/31/2015:JET/mfc LRS2015-1246 HB368 By Representative Black RFD Economic Development
and Tourism Rd 1 31-MAR-15 SYNOPSIS: Under existing law, premium tax credits are authorized
under the Certified Capital Company program to investors who contribute capital to certified
capital companies. This bill would create the Alabama Small Business Investment Act to replace
references to certified capital companies with Alabama small business investment companies
and would further define the term community outreach as it relates to these companies. This
bill would further provide for application procedures for the Alabama small business investment
companies and would further provide for the decertification of an Alabama small business investment
company. This bill would also establish additional requirements for the allocation of a tax
credit for these companies, provide for a third allocation of tax credits, and would require
the Department of Commerce to post certain related...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB368.htm - 26K - Match Info - Similar pages
HB455
164979-1:n:02/27/2015:LFO-KF/bdl HB455 By Representatives Lindsey and Scott RFD Ways and Means
Education Rd 1 09-APR-15 SYNOPSIS: This bill defines unitary business and requires taxpayers
who are part of a unitary business to use a combined report to determine their Alabama taxable
income. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-1, Code of Alabama 1975, to provide
for additional definitions and Sections 40-2A-17 and 40-18-39, Code of Alabama 1975, to require
taxpayers who are part of a unitary business to use a combined report to determine their Alabama
taxable income. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-2A-17,
40-18-1 and 40-18-39, Code of Alabama 1975, are hereby amended to read as follows: §40-2A-17.
"For purposes of the tax imposed in Chapter 18 of this title, the following rules shall
apply: "(a) In any case of two or more organizations, trades, or businesses (whether
or not affiliated within the meaning of 26 U.S.C. § 1504) owned or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB455.htm - 31K - Match Info - Similar pages
HB58
Rep(s). By Representative Baker HB58 ENROLLED, An Act, To enact the Alabama Jobs Act; to authorize
and provide for a jobs credit incentive and an investment credit incentive to certain businesses
for approved projects that create new jobs in Alabama; to provide that the incentives would
only be available following the execution of a project agreement and a determination that
the economic benefits of the project would exceed the cost of the incentives to the state;
to allow the jobs credit for 10 years in an amount of 3 percent of the previous year's annual
wages for eligible employees; to apply the jobs credit against the utility gross receipts
and utility service use taxes; to provide that the jobs credit could be refundable during
the incentive period; to provide that the jobs credit may be claimed as a credit against utility
taxes paid with a carryforward for earned but unused amounts; to allow the investment credit
in an amount of 1.5 percent of a qualified capital investment...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB58.htm - 42K - Match Info - Similar pages
SB287
be deposited with the State Treasurer to be continuously appropriated to the Department of
Human Resources to assist all children in temporary or permanent custody in foster care. "(9)
Contributions designated for mental health on the Alabama state resident individual income
tax return shall be deposited with the State Treasurer and shall be distributed equally to
the Alliance for the Mentally Ill of Alabama and to the Mental Health Consumers of Alabama.
"(10) Contributions to the Alabama Breast and Cervical Cancer Research Program
shall be deposited with the State Treasurer and distributed to the University of Alabama at
Birmingham, which shall implement and administer the program. "(11) Contributions to
the Neighbors Helping Neighbors Fund shall be deposited with the State Treasurer for distribution
by the Department of Economic and Community Affairs for weatherization assistance as provided
for under Article 6, commencing with Section 41-23-100, Chapter 23, Title 41. "(12)...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB287.htm - 6K - Match Info - Similar pages
HB684
be deposited with the State Treasurer to be continuously appropriated to the Department of
Human Resources to assist all children in temporary or permanent custody in foster care. "(9)
Contributions designated for mental health on the Alabama state resident individual income
tax return shall be deposited with the State Treasurer and shall be distributed equally to
the Alliance for the Mentally Ill of Alabama and to the Mental Health Consumers of Alabama.
"(10) Contributions to the Alabama Breast and Cervical Cancer Research Program
shall be deposited with the State Treasurer and distributed to the University of Alabama at
Birmingham, which shall implement and administer the program. "(11) Contributions to
the Neighbors Helping Neighbors Fund shall be deposited with the State Treasurer for distribution
by the Department of Economic and Community Affairs for weatherization assistance as provided
for under Article 6, commencing with Section 41-23-100, Chapter 23, Title 41. "(12)...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB684.htm - 7K - Match Info - Similar pages
|