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SB230
164932-1:n:02/26/2015:FC/mfc LRS2015-756 SB230 By Senators Waggoner, Smitherman, Allen, Coleman-Madison,
Blackwell, Sanford, Marsh, Livingston, Ward, Scofield, Dial, Chambliss, Albritton, Melson,
Glover, Reed, Brewbaker, Whatley, Holley, Figures, Williams, Stutts, Holtzclaw, Dunn, Hightower,
Smith, Beasley, Ross, Bussman, McClendon, Singleton and Sanders RFD Finance and Taxation Education
Rd 1 16-FEB-16 SYNOPSIS: This bill would authorize a seven-year extension of the tax credit
against the tax liability of certain taxpayers for the substantial rehabilitation of qualified
structures. A BILL TO BE ENTITLED AN ACT To amend Sections 40-9F-4 and 40-9F-7, Code of Alabama
1975, relating to the tax credit against the tax liability of certain taxpayers for the substantial
rehabilitation of qualified structures; to authorize a seven-year extension of the tax credit.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-9F-4 and 40-9F-7, Code
of Alabama 1975, are amended to read as...
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HB451
Rep(s). By Representative Robinson HB451 ENROLLED, An Act, Relating to financial institution
excise tax; to amend Section 40-16-4, Code of Alabama 1975; to eliminate the requirement that
the allocation and apportionment formula prescribed by the Department of Revenue for financial
institutions be substantially the same as the allocation and apportionment formula recommended
by the Multistate Tax Commission. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section
40-16-4, Code of Alabama 1975, is amended to read as follows: §40-16-4. "(a)(1) Every
such financial institution engaging in any of the following businesses: "(i) Banking;
"(ii) Conducting the business of a financial institution as defined in this chapter;
"(iii) Conducting a credit card business through the issuance of credit cards to Alabama
residents or businesses; or "(iv) Conducting a business employing moneyed capital coming
into competition with the business of national banks shall pay to the state annually for...
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SB242
173544-1:n:02/05/2016:LFO-HP*/bdl SB242 By Senator Pittman RFD Finance and Taxation Education
Rd 1 16-FEB-16 SYNOPSIS: This bill updates the sales and use tax laws to provide for definitions
of tangible personal property and digital goods. This bill also amends the definition of a
wholesale sale to add clarification and consistency to the sales and use tax code. A BILL
TO BE ENTITLED AN ACT Relating to sales and use tax definitions; to amend Sections 40-23-1,
40-23-2, 40-23-60, and 40-23-61 of the Code of Alabama 1975, to add and update definitions.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-23-1, 40-23-2, 40-23-60,
and 40-23-61, Code of Alabama 1975 are hereby amended to read as follows: §40-23-1. "(a)
For the purpose of this division, the following terms shall have the respective meanings ascribed
by this section: "(1) PERSON or COMPANY. Used interchangeably, includes any individual,
firm, copartnership, association, corporation, receiver, trustee, or any...
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HB74
168673-1:n:05/04/2015:DSM/mfc LRS2015-1859 HB74 By Representative Wadsworth RFD Ways and Means
Education Rd 1 02-FEB-16 SYNOPSIS: Under existing law, a qualifying rural physician is allowed
a certain income tax credit. This bill would limit the tax credit to a total of five years.
A BILL TO BE ENTITLED AN ACT Relating to tax credits for rural physicians; to amend Sections
40-18-130, 40-18-131, and 40-18-132, Code of Alabama 1975; to provide for definitions; to
limit the tax credit to five total years; and to provide for an effective date. BE IT ENACTED
BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-18-130, 40-18-131, and 40-18-132, Code
of Alabama 1975, are amended to read as follows: §40-18-130. "It is the intent of the
Legislature to institute programs that will make Alabama more competitive with other states
in the recruitment and retention of physicians and reduce inequities that a small or rural
hospital and small or rural communities have in the funding and recruitment of...
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HB64
172478-2:n:12/07/2015:MCS/tj LRS2015-3194R1 HB64 By Representatives Greer, Fridy and Garrett
RFD Ways and Means Education Rd 1 02-FEB-16 SYNOPSIS: Currently, income from defined contribution
deferred compensation plans is taxable as state income. This bill would provide that the first
90 percent of such annual income is exempt. The exemption would be phased in over a five-year
period. A BILL TO BE ENTITLED AN ACT To provide for the Alabama Fair Income Tax Act of 2016;
to amend Section 40-18-19, Code of Alabama 1975, as amended by Act 2015-442, relating to exemptions
from state income taxation; to provide for exemptions of certain percentages of annual income
received as a benefit from defined contribution deferred compensation plans; and to provide
for a period of five years to fully implement an exemption of 90 percent of such benefits.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) This act shall be known as and
may be cited as the Alabama Fair Income Tax Act of 2016....
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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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HB223
172544-1:n:11/30/2015:LLR/th LRS2015-3264 HB223 By Representatives Beech and Johnson (K) RFD
Ways and Means Education Rd 1 11-FEB-16 SYNOPSIS: Under existing law, a state income tax credit
is given to rural physicians who practice and reside in rural communities. This bill would
increase the amount of the tax credit to each physician and dentist who practice and reside
in a rural community for 10 years. A BILL TO BE ENTITLED AN ACT To amend Section 40-18-132,
Code of Alabama 1975, relating to state income tax credits for rural physicians; to provide
an increase of the amount of the tax credit to each physician and dentist who practice and
reside in a rural community for 10 years. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section
1. Section 40-18-132, Code of Alabama 1975, is amended to read as follows: §40-18-132. "(a)
Beginning with the 1994 tax year, a person qualifying as a rural physician shall be allowed
a credit against the tax imposed by Section 40-18-2, in the sum of $5,000....
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SB272
174272-1:n:02/17/2016:LFO-HP/bdl SB272 By Senator Dial RFD Finance and Taxation Education Rd
1 18-FEB-16 SYNOPSIS: Under existing law, the state imposes sales or use taxes upon certain
persons, firms, or corporations. Sales of certain items are taxed at a reduced rate. Sales
of other items are exempt from the taxes. This bill would increase the state sales and use
tax general rate to four and one-half percent on September 1, 2016 and to five percent on
September 1, 2017. This bill would phase out the state sales and use taxes on food over a
two-year period by reducing the rates by two percentage points per year beginning September
1, 2016. This bill would exempt sales of food from the sales and use taxes beginning September
1, 2017. A BILL TO BE ENTITLED AN ACT To amend Sections 40-23-2 and 40-23-61, Code of Alabama
1975, to increase the state sales and use tax general rates to four and one-half percent on
September 1, 2016 and five percent on September 1, 2017; to phase out the state...
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HB491
Rep(s). By Representative Fincher HB491 ENROLLED, An Act, Relating to Randolph County; to authorize
the county commission to levy a one-half cent sales tax for constructing a new county jail
which would terminate when the debt for construction of the new jail is paid in full; and
to provide for a referendum. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This
act shall only apply to Randolph County. Section 2. As used in this act, state sales tax means
the tax imposed by the state sales and use tax statutes, including, but not limited to, Sections
40-23-1, 40-23-2, 40-23-3, and 40-23-4, Code of Alabama 1975. Section 3. (a) In addition to
all other taxes authorized by law, the Randolph County Commission may levy a one-half cent
sales tax. (b) The proceeds of the tax shall be used for the construction of a new county
jail. The tax shall terminate when the debt for the construction of the jail is paid in full.
(c) Sales that are presently exempt under the state sales and use tax...
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SB235
by the taxpayer in connection with the adoption of a minor. For purposes of this subdivision,
medical expenses shall include any medical and hospital expenses of the adoptee and the adoptee's
biological mother which are incident to the adoptee's birth and subsequent medical care and
which, in the case of the adoptee, are paid or incurred before the petition is granted. "(25)
The amount of any aid or assistance, whether in the form of property, services, or monies,
provided to the State Industrial Development Authority pursuant to Section 41-10-44.8(d)
in order to induce an approved company to undertake a major project within the state. "(26)
The amount of premiums paid pursuant to a qualifying insurance contract for qualified long-term
care coverage. "(27) The amount deductible by the taxpayer in accordance with 26 U.S.C.
§ 162(h). "(28) The amount, up to five thousand dollars ($5,000) per annum, contributed
subsequent to December 31, 2007, to the Alabama Prepaid Affordable...
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