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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
HB45
164126-1:n:01/14/2015:LLR/tj LRS2015-159 HB45 By Representative Todd RFD Ways and Means General
Fund Rd 1 03-MAR-15 SYNOPSIS: Currently, the State of Alabama levies a tax on various tobacco
products. This bill would increase the tax on cigarettes from $.42.5 a pack to $.75 a pack
and provide for its distribution. A BILL TO BE ENTITLED AN ACT To amend Section 40-25-2, Code
of Alabama 1975, as amended by Act 2014 (2014 Regular Session) relating to the state tax on
tobacco products, to increase the tax on cigarettes and provide for its distribution. BE IT
ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-25-2, Code of Alabama 1975, is
amended to read as follows: §40-25-2. "(a) In addition to all other taxes of every kind
now imposed by law, every person, firm, corporation, club, or association, within the State
of Alabama, who sells or stores or receives for the purpose of distribution to any person,
firm, corporation, club, or association within the State of Alabama, cigars,...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB45.htm - 9K - Match Info - Similar pages
HB467
164976-1:n:02/27/2015:LFO-KF/bdl HB467 By Representatives Scott and Knight RFD Ways and Means
Education Rd 1 09-APR-15 SYNOPSIS: This bill would add Article 7 to Chapter 29 of Title 40,
to the Code of Alabama 1975, to provide for reportable tax avoidance transactions. This bill
would provide definitions; taxpayer responsibility for disclosure of reportable tax avoidance
transactions; time and manner of disclosure; imposition and amount of penalties, assessment
date, and waiver; penalties related to understatement of tax resulting from a reportable tax
avoidance transaction, interest penalty, and waiver; extension of statute of limitations for
assessments; material advisor responsibility for disclosure; penalty for failure to disclose
a reportable tax avoidance transaction or to maintain advisee list and waiver; penalty for
tax shelters; and injunction of certain conduct related to reportable tax avoidance transactions
and tax shelters. A BILL TO BE ENTITLED AN ACT To add Article 7,...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB467.htm - 29K - Match Info - Similar pages
HB572
168543-1:n:04/29/2015:LFO-KF/bdl HB572 By Representative Todd RFD Ways and Means General Fund
Rd 1 30-APR-15 SYNOPSIS: Currently, the State of Alabama levies a tax on various tobacco products.
This bill would increase the tax on cigarettes from $.425 a pack to $.675 a pack and provide
for its distribution. A BILL TO BE ENTITLED AN ACT To amend Section 40-25-2, Code of Alabama
1975, as amended by Act 2014 (2014 Regular Session) relating to the state tax on tobacco products,
to increase the tax on cigarettes and provide for its distribution. BE IT ENACTED BY THE LEGISLATURE
OF ALABAMA:Section 1. Section 40-25-2, Code of Alabama 1975, is amended to read as follows:
§40-25-2. "(a) In addition to all other taxes of every kind now imposed by law, every
person, firm, corporation, club, or association, within the State of Alabama, who sells or
stores or receives for the purpose of distribution to any person, firm, corporation, club,
or association within the State of Alabama, cigars,...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB572.htm - 9K - Match Info - Similar pages
HB660
166544-1:n:03/30/2015:LFO-RR*/bdl HB660 By Representative Scott RFD Ways and Means General
Fund Rd 1 12-MAY-15 SYNOPSIS: This bill, known as the Non-Nexus Use Tax Remittance Act, would
provide an easily-accessible method for non-nexus sellers to remit, on behalf of their customers,
a non-nexus sellers use tax on items delivered into Alabama. A BILL TO BE ENTITLED AN ACT
Relating to non-nexus sellers use tax to establish an easily-accessible method for non-nexus
sellers to remit, on behalf of their customers, use tax on items delivered into Alabama. BE
IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Sections 40-23-191 through 40-23-200
are hereby added to Division 3 of Article 6 of Chapter 23 of Title 40 of the Code of Alabama
1975, as follows: §40-23-191. "This act shall be titled The Non-Nexus Use Tax Remittance
Act. "§40-23-192. "For the purpose of this act, the following terms shall have
the respective meanings ascribed to them in this section: "(1) DEPARTMENT. The...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB660.htm - 16K - Match Info - Similar pages
SB243
SB243 By Senator Orr ENROLLED, An Act, To amend Section 40-2A-10 Code of Alabama, 1975; to
remove the good standing certificate; and to provide for a compliance certificate that certifies
that the entity is in compliance with all state taxes. BE IT ENACTED BY THE LEGISLATURE OF
ALABAMA:Section 1. Section 40-2A-10, Code of Alabama 1975, is hereby amended to read as follows:
§40-2A-10. "(a) Except as otherwise provided in this section, it shall be unlawful for
any person to print, publish, or divulge, without the written permission or approval of the
taxpayer, the return of any taxpayer or any part of the return, or any information secured
in arriving at the amount of tax or value reported, for any purpose other than the proper
administration of any matter administered by the department, a county, or a municipality,
or upon order of any court, or as otherwise allowed in this section. Statistical information
pertaining to taxes may be disclosed at the discretion of the commissioner or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB243.htm - 7K - Match Info - Similar pages
SB437
SB437 By Senators Pittman, Dial, Bussman, Holtzclaw, Chambliss, Sanford, Marsh, Williams, Reed,
Ross and Smitherman ENROLLED, An Act, Relating to simplified sellers use tax to establish
an easily-accessible method for eligible sellers to remit, on behalf of their customers, use
tax on items delivered into Alabama. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section
1. Sections 40-23-191 through 40-23-199 are hereby added to Division 3 of Article 6 of Chapter
23 of Title 40 of the Code of Alabama 1975, as follows: §40-23-191. "(a) This act shall
be titled The Simplified Seller Use Tax Remittance Act. "(b) For the purpose of this
act, the following terms shall have the respective meanings ascribed to them in this section:
"(1) DEPARTMENT. The Alabama Department of Revenue. "(2) ELIGIBLE SELLER. An individual,
trust, estate, fiduciary, partnership, limited liability company, limited liability partnership,
corporation or other legal entity that sells tangible personal property or a...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB437.htm - 15K - Match Info - Similar pages
SB496
169597-1:n:05/19/2015:LFO-RR/bdl SB496 By Senator Orr RFD Finance and Taxation General Fund
Rd 1 21-MAY-15 SYNOPSIS: This bill would amend Sections 40-23-85 and 40-23-174, Code of Alabama
1975 to provide further for the distribution of use tax funds. A BILL TO BE ENTITLED AN ACT
To provide for legislative findings; and to amend Sections 40-23-85 and 40-23-174, Code of
Alabama 1975 to provide further for the distribution of use tax funds. BE IT ENACTED BY THE
LEGISLATURE OF ALABAMA: Section 1. The Legislature of the State of Alabama hereby finds the
following: (a) the State General Fund has an immediate projected deficit for fiscal year 2016
in excess of $250 million; (b) the Legislative Fiscal Office has estimated a projected balance
in the Education Trust Fund Budget Stabilization Fund at the end of fiscal year 2016 in excess
of $350 million; (c) currently, (1) the Education Trust Fund receives 75% and the State General
Fund receives 25% of the state use tax and (2) the State General...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB496.htm - 5K - Match Info - Similar pages
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
SB310
SB310 By Senators Smitherman and Waggoner ENROLLED, An Act, Relating to state, county, and
municipal sales and use taxes; to amend Section 40-23-5 of the Code of Alabama 1975, to provide
that the Birmingham Zoo, Inc., would be exempt from payment of state, county, and municipal
sales and use taxes. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-23-5
of the Code of Alabama 1975, is amended to read as follows: §40-23-5. "(a) The Diabetes
Trust Fund, Inc., and any of its branches or agencies, heretofore or hereafter organized and
existing in good faith in the State of Alabama for purposes other than for pecuniary gain
and not for individual profit, are hereby exempted from paying any state, county or municipal
sales or use taxes. "(b) The Chilton County Rescue Squad is hereby exempted from paying
any sales or use taxes. "(c) The state headquarters only of the American Legion, the
American Veterans of World War II, Korea and Vietnam, also known as AMVETS, the Disabled...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB310.htm - 6K - Match Info - Similar pages
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