HB34
(1) GROWING ALABAMA CREDIT. The credit provided for in Section 40-18-413(a). (2) INDUSTRY OR BUSINESS. An entity which would conduct at a site an activity that is primarily described in Section 40-18-372(1). (3) LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS. Organizations which are determined by the Department of Commerce to meet both of the following criteria: a. The organization is an Alabama entity not operating for a profit, including, but not limited to, a municipality or county, an industrial board or authority, a chamber of commerce, or some other foundation or Alabama nonprofit corporation charged with improving a community or region of the state; and b. The organization has a record of supporting or otherwise participating in economic development activities in some part of Alabama. (4) RENEWAL OF ALABAMA COMMISSION. The Renewal of Alabama Commission created by Section 40-18-402. (5) SITE. Real property owned by a local economic development organization and intended for use...
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HB462
175707-1:n:03/15/2016:LFO-HP*/bdl HB462 By Representative Martin RFD Ways and Means General Fund Rd 1 22-MAR-16 SYNOPSIS: Under current law, all entities doing business or registered to do business in Alabama, have an annual filing obligation for Business Privilege Tax. The Business Privilege Tax is calculated based on an entitys net worth, apportioned to Alabama. There is a minimum of $100 Business Privilege Tax imposed annually on all entities subject to this tax. Currently, taxpayers have an annual maximum Business Privilege Tax due of $15,000. In addition, under current law, the Business Privilege Tax due date for Financial Institutions is March 15. The Alabama Excise Tax return filed by financial institutions is due April 15. Taxpayers often need to extend the filing date of the Business Privilege Tax in order to have complete information not available until the Financial Institution Excise Tax return is completed. In addition, this bill ensures that all other entity types have...
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HB116
173394-1:n:02/02/2016:LFO-HP*/bdl HB116 By Representative Scott RFD Ways and Means General Fund Rd 1 03-FEB-16 SYNOPSIS: This bill would allow eligible sellers to continue to participate in the program, under certain circumstances, even if the seller later establishes a physical presence in Alabama. This bill would also allow participating eligible sellers to continue to participate in the program unless federal legislation removes current federal limitations on the ability of the State of Alabama to enforce its sales and use tax jurisdiction against businesses that lack an instate physical presence. A BILL TO BE ENTITLED AN ACT To amend Sections 40-23-191 and 40-23-198, Code of Alabama 1975, to update the definitions relating to simplified sellers use tax; to update references to federal legislation on the enforcement of sales and use tax as it relates to eligible sellers remitting simplified sellers use tax. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-23-191...
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SB90
SB90 By Senator Orr ENROLLED, An Act, Relating to taxation; to provide definitions; to provide a tax credit for employers that employ an apprentice; to provide a cumulative cap on tax credits allowed; to provide rulemaking authority; and to require the Workforce Development Division of the Department of Commerce to provide an annual report to certain legislative committees. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act shall be known and may be cited as the Apprenticeship Tax Credit Act of 2016. Section 2. For the purposes of this act, the following terms shall have the following meanings: (1) APPRENTICE. A worker at least 16 years of age, except where a higher minimum age standard is otherwise fixed by law, who is employed to learn an apprenticeable occupation as provided in 29 C.F.R. Part 29.4. The term includes a person who is compensated by a third party but whose apprenticeable work occurs under the supervision of an eligible employer. (2) APPRENTICESHIP...
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SB64
SB64 ENGROSSED By Senator Dial A BILL TO BE ENTITLED AN ACT To create the Alabama Space Authority within the Alabama Department of Economic and Community Affairs (ADECA), to promote the research and development of new space exploration and spaceport technologies; to sponsor conferences and business roundtables within the aerospace, aviation, and related industries; and promote activities and industries related to space exploration; to include representatives on the authority of the University of Alabama in Huntsville, the Alabama Department of Commerce, ADECA, Alabama Department of Transportation, the Governor, the Legislature, and other individuals with knowledge and interest in space technology. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. There is hereby established the Alabama Space Authority. Section 2. The authority shall be composed of a representative of the University of Alabama in Huntsville, selected by the President of the University of Alabama in Huntsville,...
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SB292
173949-2:n:02/24/2016:LFO-HP/bdl SB292 By Senators Orr and Melson RFD Fiscal Responsibility and Economic Development Rd 1 24-FEB-16 SYNOPSIS: Under existing law, liquor wholesale licensees may sell liquor at wholesale to the Alabama Alcoholic Beverage Control Board or as authorized by the board, other than to a retail licensee of the board. Under existing law, state liquor stores operated by the Alabama Alcoholic Beverage Control Board and certain licensed private retail stores may sell liquor at retail. Under existing law, retail licensees of the board must purchase liquor from the board for resale. This bill would require the Alabama Alcoholic Beverage Control Board to phase out retail sale of alcoholic beverages by the board prior to October 1, 2021 but continue all other functions prescribed by law; require the board to obtain the best available price for fixed assets, equipment, and property; and require the Department of Economic and Community Affairs to provide certain technical...
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SB214
173272-1:n:02/01/2016:MCS/tj LRS2016-224 SB214 By Senators Scofield, Livingston, Ward, Stutts, Melson, Reed, Dial and Whatley RFD Finance and Taxation Education Rd 1 11-FEB-16 SYNOPSIS: This bill would encourage accelerated investment in broadband infrastructure by private businesses by providing a nonrefundable income tax credit equal to 10 percent of the qualified investment in new broadband telecommunications network facilities in the state. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-370, Code of Alabama 1975, and to add Section 40-18-370.1 to the Code of Alabama 1975, to provide a nonrefundable income tax credit for a certain percentage of qualifying investment in each new broadband telecommunication network facilitiy, as defined, in Alabama. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-18-370, Code of Alabama 1975, is amended to read as follows: §40-18-370. "(a) This article shall be known and may be cited as the Alabama Jobs Act. "(b) The...
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SB263
SB263 By Senator Ross ENROLLED, An Act, To amend Sections 40-18-27, 40-18-39, and 40-18-42 of the Code of Alabama 1975; to further provide for the due dates of certain state income tax returns to correspond to the due dates of federal income tax returns and to further provide for a payment to be made on the due date of a return. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-18-27, 40-18-39, and 40-18-42 of the Code of Alabama 1975, are amended to read as follows: §40-18-27. "(a) Effective for tax years beginning after December 31, 1997, every taxpayer having an adjusted gross income for the taxable year of more than one thousand eight hundred seventy-five dollars ($1,875) if single or if married and not living with spouse, and of more than three thousand seven hundred fifty dollars ($3,750) if married and living with spouse, shall each year file with the Department of Revenue a return stating specifically the items of gross income, the deductions and credits...
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HB179
173881-1:n:02/10/2016:DSM/cj LRS2016-540 HB179 By Representative Patterson RFD Ways and Means Education Rd 1 11-FEB-16 SYNOPSIS: Under existing law, Alabama employers with less than 50 employees may qualify for an income tax or financial institution excise tax credit for hiring recently deployed unemployed veterans who have been discharged from active service within two years from the date of hire. This bill would rename the Heroes for Hire Tax Credit Act of 2012 as the Veterans Employment Act and provide further for the definition of an unemployed veteran. This bill would allow Alabama employers with less than 50 employees to qualify for an income tax or financial institution excise tax credit for hiring unemployed veterans regardless of when the veterans were discharged from active service. A BILL TO BE ENTITLED AN ACT To amend Sections 40-18-320, 40-18-321, and 40-18-322, Code of Alabama 1975, relating to tax credits for hiring veterans; to rename the act the Veterans Employment...
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HB217
the Board of Trustees of the Alabama Community College System or its designee, may adopt any rules necessary to establish standards for participation and eligibility and to implement and administer this act. The division shall consult with the Department of Revenue to coordinate implementation and administration of this act. (b) The division shall provide an annual report to the Chair of the House Ways and Means Education Committee and the Chair of the Senate Finance and Taxation Education Committee to account for the effectiveness of the apprenticeship program under this act. Section 5. The income tax credit allowed under this act shall be effective January 1, 2017, for the 2017 taxable year and subsequent taxable years thereafter. Section 6. This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law. Taxation Tax Credits Employers Popular Names Apprentice Revenue Department Alabama Industrial Development Training...
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