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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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SB75
173309-2:n:02/01/2016:DSM/cj LRS2016-272 SB75 By Senator Dial RFD Finance and Taxation Education
Rd 1 02-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 Act; to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB75.htm - 5K - Match Info - Similar pages
HB270
cell captive insurance companies. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections
27-31B-2, 27-31B-3, 27-31B-6, 27-31B-8, 27-31B-9, 27-31B-12, 27-31B-16, 27-31B-19, 27-31B-20,
27-31B-22, and 27-31B-24, Code of Alabama 1975, are amended to read as follows: §27-31B-2.
"As used in this chapter, the following terms shall have the following meanings, unless
the context clearly indicates otherwise: "(1) AFFILIATED COMPANY. Any company in the
same corporate system as a parent, an industrial insured, or a member organization
by virtue of common ownership, control, operation, or management. "(2) ALIEN CAPTIVE
INSURANCE COMPANY. Any insurance company formed to write insurance business for its parents
and affiliates and licensed pursuant to the laws of an alien jurisdiction which imposes statutory
or regulatory standards in a form acceptable to the commissioner on companies transacting
the business of insurance in that jurisdiction. "(3) ASSOCIATION. Any legal association
of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB270.htm - 59K - Match Info - Similar pages
SB224
173889-1:n:02/11/2016:PMG/th LRS2016-517 SB224 By Senator Allen RFD Banking and Insurance Rd
1 11-FEB-16 SYNOPSIS: Under existing law, a health benefit plan is required to offer coverage
for the treatment of Autism Spectrum Disorder for a child age nine or under for certain defined
group insurance plans and contracts. This bill would require health benefit plans to cover
the treatment of Autism Spectrum Disorder for a child age nine or under for certain insurance
plans and contracts. A BILL TO BE ENTITLED AN ACT Relating to health benefit plans; to amend
Sections 10A-20-6.16, 27-21A-23, and 27-54A-2, Code of Alabama 1975, to require health benefit
plans to cover the treatment of Autism Spectrum Disorder for certain children in certain health
insurance plans and contracts. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections
10A-20-6.16, 27-21A-23, and 27-54A-2, Code of Alabama 1975, are amended to read as follows:
§10A-20-6.16. "(a) No statute of this state applying to...
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SB169
after the due date of the premium in default, an actuarially equivalent alternative paid-up
nonforfeiture benefit which provides a greater amount or longer period of death benefits or,
if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender
of the policy within 60 days after the due date of any premium payment in default after premiums
have been paid for at least three full years in the case of ordinary insurance or five full
years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up
nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article.
(3) That a specified paid-up nonforfeiture benefit shall become effective as specified in
the policy unless the person entitled to make such election elects another available option
not later than 60 days after the due date of the premium in default. (4) That, if the policy
shall have become paid up by completion of all premium payments,...
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HB85
after the due date of the premium in default, an actuarially equivalent alternative paid-up
nonforfeiture benefit which provides a greater amount or longer period of death benefits or,
if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender
of the policy within 60 days after the due date of any premium payment in default after premiums
have been paid for at least three full years in the case of ordinary insurance or five full
years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up
nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article.
(3) That a specified paid-up nonforfeiture benefit shall become effective as specified in
the policy unless the person entitled to make such election elects another available option
not later than 60 days after the due date of the premium in default. (4) That, if the policy
shall have become paid up by completion of all premium payments,...
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HB390
175246-1:n:03/10/2016:PMG/cj LRS2016-925 HB390 By Representative Pringle RFD Technology and
Research Rd 1 10-MAR-16 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 research at an Alabama research entity, and 10 percent for other 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 twenty-five
million dollars ($25,000,000) of credits per year, and no...
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SB355
175655-2:n:03/15/2016:MCS/th LRS2016-1065 SB355 By Senator Pittman RFD Finance and Taxation
General Fund Rd 1 15-MAR-16 SYNOPSIS: Currently, a tax on certain insurance premiums is offset
by certain credits, including credits for insurance office facilities and real property investments.
This bill would eliminate the real property investment credit and would revise the credits
provided for certain office facilities to apply based on the number of insurance company employees
in the state. A BILL TO BE ENTITLED AN ACT To amend Section 27-4A-3, Code of Alabama 1975,
relating to a tax on certain insurance premiums and credits for certain facilities and real
estate investments; to remove certain credits for the investments; and to eliminate the credit
for facilities and replace it with credits for the number of employees of insurance carriers.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 27-4A-3, Code of Alabama 1975,
is amended to read as follows: §27-4A-3. "(a) Subject...
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SB130
173058-1:n:01/29/2016:EBO-KB/mej SB130 By Senator Sanford RFD Finance and Taxation Education
Rd 1 03-FEB-16 SYNOPSIS: This bill would amend Sections 27-4A-3, 40-23-61 and 40-23-174, Code
of Alabama 1975, and would also amend Section 40-23-85 of the Code of Alabama 1975, as last
amended by Act 2015-539 of the 2015 Second Special Session, to provide further for the distribution
of use tax and insurance premium tax funds. A BILL TO BE ENTITLED AN ACT To amend Sections
27-4A-3, 40-23-61 and 40-23-174, Code of Alabama 1975; and to amend Section 40-23-85 of the
Code of Alabama 1975, as last amended by Act 2015-539 of the 2015 Second Special Session,
relating to use tax; to provide further for the distribution of use tax and insurance premium
tax funds; and to provide that the changes made in tax distributions in this act shall not
be considered in calculating the Education Trust Fund fiscal year appropriation cap for fiscal
year 2017. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1....
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SB213
in exchange for shares or other units that are publicly traded and represent fractional undivided
beneficial interests in the trust's net assets but not to the extent that metal is transferred
to or from the investment trust in exchange for consideration other than such publicly traded
shares or other units. For purposes of this subdivision, the term metals includes, but is
not limited to, copper, aluminum, nickel, zinc, tin, lead, and other similar metals typically
used in commercial and industrial applications. "(48) For the period commencing
on October 1, 2012, and ending May 30, 2022, unless extended by joint resolution, the gross
receipts from the sale of parts, components, and systems that become a part of a fixed or
rotary wing military aircraft or certified transport category aircraft that undergoes conversion,
reconfiguration, or general maintenance so long as the address of the aircraft for FAA registration
is not in the state; provided, however, that this exemption shall...
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