HB536
175221-2:n:04/07/2016:LFO-HP/bdl HB536 By Representative Clouse RFD State Government Rd 1 12-APR-16 SYNOPSIS: Under current law, all short form business personal property tax returns are subject to audit by a county assessing official or other applicable agency. This bill would provide all business personal property tax returns to be subject to audit by an independent, third party auditor contracted by the Alabama Department of Revenue. A BILL TO BE ENTITLED AN ACT To amend Section 40-7-55 of the Code of Alabama 1975; relating to business personal property tax, to provide further for audits of business personal property tax returns. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-7-55 of the Code of Alabama 1975 is amended to read as follows: §40-7-55. "(a) Prior to October 1, 2014, the Department of Revenue shall design a non-itemized business personal property tax return short form "short form tax return" which, at the taxpayer's option, may be utilized for...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB536.htm - 5K - Match Info - Similar pages
SB202
171463-1:n:08/17/2015:JET*/th LRS2015-2668 SB202 By Senators Coleman-Madison, Beasley, Singleton, Pittman, Figures and Sanders RFD Finance and Taxation Education Rd 1 11-FEB-16 SYNOPSIS: Under current law, each entity, subject to the Alabama corporate income tax, is required to file a separate return and calculate the income tax on its separately accounted for taxable income, regardless whether the entity is part of a larger business that consists of an affiliated group of entities. This filing method allows large corporate taxpayers to take advantage of tax planning options to shift income to other entities within the affiliated group located in tax favorable states. Most large corporate businesses consist of a parent corporation and a number of corporate subsidiaries. This bill would amend the corporate income tax law to require the operations of all related entities, involved in a unitary business, file one corporate income tax return on a combined basis, known as combined...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB202.htm - 63K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB213.htm - 72K - Match Info - Similar pages
SB335
SB335 By Senator Sanford ENROLLED, An Act, To amend Sections 40-2A-3, 40-2A-6, 40-2A-12, 40-2A-13, 40-2A-14, and 40-2A-15 of the Code of Alabama 1975, relating to the Alabama Taxpayers' Bill of Rights and Uniform Revenue Procedures Act; to further define terms; to further require signed and dated written authorization for examining the books and records of a taxpayer under certain conditions; to require certain disclosures; to further provide the time frame in which a private auditing or collecting firm engaged by a self-administered municipality or county may commence an examination; to require certain confidentiality requirements; to provide for an independent hearing or appeals officer; to require a public official or employee of the taxing authority sign the final assessment; to provide minimum education requirements for examiners of private auditing or collecting firms; and to require the Alabama Local Tax Institute of Standards and Training Board to establish a hotline to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB335.htm - 36K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB242.htm - 47K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB263.htm - 21K - Match Info - Similar pages
HB251
173987-2:n:02/17/2016:FC/tj LRS2016-576R1 HB251 By Representatives Daniels, Whorton (R), Hill (M), Treadaway, Hill (J), Farley, Hall and Mooney RFD State Government Rd 1 17-FEB-16 SYNOPSIS: Under existing law, individual state income tax returns are generally due on or before April 15 following the close of the calendar year. Corporate state income tax returns are generally due on or before March 15 following the close of the calendar year or on or before the fifteenth day of third month following the close of the fiscal year for corporations that filed on a fiscal year basis. Recently, the federal government has changed certain filing dates for federal income tax returns. This bill would provide for the due dates of state income tax returns to correspond to the due dates for federal returns. The bill would also further provide for a payment to be made on the due date of a return. A BILL TO BE ENTITLED AN ACT To amend Sections 40-18-27, 40-18-39, and 40-18-42 of the Code of Alabama...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB251.htm - 22K - Match Info - Similar pages
HB38
Rep(s). By Representatives Tuggle, Mooney, Wingo, Hill (M), Weaver, Harper, Fridy, Chesteen, Lee, Ledbetter, Wilcox, Sanderford, Clouse, Boothe, McCutcheon, Baker, McMillan, Millican, Greer, Martin, Beckman, Fincher, Pettus, Garrett, Carns, Shedd, Poole, Hubbard, Faulkner, South and Johnson (K) HB38 ENGROSSED A BILL TO BE ENTITLED AN ACT To amend Section 40-2A-3, Code of Alabama 1975, to revise the definitions of Taxpayer Advocate and taxpayer assistance order; to amend Section 40-2A-4, Code of Alabama 1975, relating to the Taxpayer Advocate; to provide for the appointment of the advocate by the Governor; to require the advocate to maintain a public website; to require the advocate to promote the interests of taxpayers involved in disputes where an ambiguity in tax law exists; to remove the assistant commissioner's authority to approve taxpayer assistance orders; to require an annual report to certain legislative committees regarding tax law ambiguities; to provide for additional...
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SB212
173292-1:n:02/01/2016:MCS/th LRS2016-225 SB212 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 business by providing a 10-year property tax exemption for qualifying high-speed broadband telecommunications network facilities constructed after January 1, 2016. A BILL TO BE ENTITLED AN ACT To amend Sections 40-21-6, 40-21-9, 40-21-17, 40-21-18, 40-21-20, and 40-21-21 of the Code of Alabama 1975; to provide a 10-year property tax exemption for qualifying high-speed broadband telecommunications network facilities constructed after January 1, 2016. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-21-6, 40-21-9, 40-21-17, 40-21-18, 40-21-20, and 40-21-21 of the Code of Alabama 1975, are amended to read as follows: §40-21-6. "Insofar as the other evidence and information adduced before said...
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HB349
the leased tangible personal property by the lessee, which right to purchase such property shall be exercisable solely at the option of the lessee; "c. The appropriate sales or use tax levied by the state shall have been paid with respect to the acquisition or use of the leased tangible personal property, or, alternatively, the acquisition or use of such property shall be exempt by law from such sales or use tax; "d. The leased tangible personal property shall be installed in or about an industrial plant or other real property that was specially constructed or modified for the location and use of such tangible personal property and that is owned, or considered to be owned for either Alabama or federal income tax purposes or both, by a corporation, partnership, or other entity controlled by, or under common control with, the lessee of such tangible personal property; and "e. The leased tangible property shall be used only by a lessee engaged in the iron and steel industry, and the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB349.htm - 64K - Match Info - Similar pages
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