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HB341
174033-1:n:02/17/2016:LLR/mfc LRS2016-620 HB341 By Representative Todd RFD Ways and Means General
Fund Rd 1 25-FEB-16 SYNOPSIS: Under existing law, a fee is required to record certain mortgages,
deeds of trust, contracts of conditional sale, or other instruments of like character given
to secure the payment of any debt which conveys any real or personal property. This bill would
increase the fee for recording of certain mortgages, deeds of trust, contracts of conditional
sale, or other instruments of like character given to secure the payment of any debt which
conveys any real or personal property. This bill also would provide for the distribution of
the additional proceeds from the increased fees to the Alabama Housing Trust Fund and the
Alabama Homebuyer's Initiative. A BILL TO BE ENTITLED AN ACT To amend Section 40-22-2, Code
of Alabama 1975; to increase the fee for recording of certain mortgages, deeds of trust, contracts
of conditional sale, or other instruments of like character...
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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....
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB64.htm - 11K - Match Info - Similar pages
SB337
SB337 ENGROSSED By Senator Blackwell A BILL TO BE ENTITLED AN ACT To amend Section 19-3B-508
of the Code of Alabama 1975, relating to qualified trusts under the federal tax code; to further
define the term qualified trust; to provide for the treatment of benefits of such trusts for
purposes of assignment or alienation of such accounts and the exclusion from federal bankruptcy
and insolvency laws. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 19-3B-508
of the Code of Alabama 1975, is amended to read as follows: §19-3B-508. "(e)(a) As used
in this section: "(1) ASSIGNMENT or ALIENATION, and any conjugation thereof, includes
any anticipation, assignment at law or in equity, alienation, attachment, garnishment, levy,
execution, or other legal or equitable process. The term includes: (i) any arrangement providing
for the payment to the employer or other sponsor of such plan of benefits that otherwise would
be due the participant under the plan; (ii) any direct or indirect...
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HB90
173075-1:n:01/15/2016:JET/mfc LRS2016-145 HB90 By Representative Greer RFD Ways and Means Education
Rd 1 03-FEB-16 SYNOPSIS: Currently, income from defined contribution deferred compensation
plans is taxable as state income. This bill would provide that $50,000 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 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 amounts 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 the exemption. BE IT ENACTED
BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-18-19, Code of Alabama 1975, as amended
by Act 2015-442 of the 2015 Regular Session, is amended to read as follows: §40-18-19. "(a)
The following exemptions from income taxation shall be allowed to every...
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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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HB63
171507-1:n:08/25/2015:MCS/agb LRS2015-2739 HB63 By Representative Greer RFD Ways and Means
Education Rd 1 02-FEB-16 SYNOPSIS: Currently, income from defined contribution deferred compensation
plans is taxable as income. This bill would provide that 90 percent of such income is exempt.
A BILL TO BE ENTITLED AN ACT 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 that 90 percent
of income from defined contributions deferred compensation plans is exempt from income taxation.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 40-18-19, Code of Alabama 1975,
as amended by Act 2015-442 of the 2015 Regular Session, is amended to read as follows: §40-18-19.
"(a) The following exemptions from income taxation shall be allowed to every individual
resident taxpayer: "(1) Retirement allowances, pensions and annuities, or optional allowances,
approved by the Board of Control of the Teachers'...
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HB91
173074-1:n:01/15/2016:JET/mfc LRS2016-144 HB91 By Representative Greer RFD Ways and Means Education
Rd 1 03-FEB-16 SYNOPSIS: Currently, income from defined contribution deferred compensation
plans is taxable as income. This bill would provide that 90 percent of such income, up to
$50,000, is exempt. A BILL TO BE ENTITLED AN ACT 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
that 90 percent of income from defined contributions deferred compensation plans, up to a
certain limit, is exempt from income taxation. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section
1. Section 40-18-19, Code of Alabama 1975, as amended by Act 2015-442 of the 2015 Regular
Session, is amended to read as follows: §40-18-19. "(a) The following exemptions from
income taxation shall be allowed to every individual resident taxpayer: "(1) Retirement
allowances, pensions and annuities, or optional allowances, approved by the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB91.htm - 9K - Match Info - Similar pages
SB407
176920-1:n:04/12/2016:MCS/tj LRS2016-1552 SB407 By Senator Sanders RFD Tourism and Marketing
Rd 1 12-APR-16 SYNOPSIS: Under existing law, bingo may be played in the Town of White Hall
pursuant to Amendment 674 to the Constitution of Alabama of 1901. This bill proposes an amendment
to the Constitution of Alabama of 1901, that would provide that electronic bingo may be played
in the Town of Whitehall and Lowndes County on any machine or device that is authorized by
the National Indian Gaming Commission pursuant to the Indian Gaming Regulatory Act, 25 U.S.C.
§ 2701 et seq., and which is operated by any Native American tribe in Alabama; levy a state
gross receipts tax and a county gross receipts tax on electronic bingo gaming; levy a tax
on vendors of bingo gaming equipment; provide for the administration of electronic bingo by
the Town Council of White Hall; provide for the allocation of the gaming tax proceeds to the
State of Alabama and Lowndes County; and provide for the distribution...
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SB300
SB300 By Senator Allen ENROLLED, An Act, To amend Section 13A-10-190, Code of Alabama 1975,
and add Sections 13A-10-193.1 and 13A-10-193.2 to the Code of Alabama 1975, relating to destructive
devices; to provide for the crimes of unlawful manufacture of a destructive device or bacteriological
or biological weapon in the second degree as a Class B felony and in the first degree as a
Class A felony; to authorize the State Fire Marshal to establish qualifications and procedures
for issuing a permit to lawfully manufacture a destructive device or bacteriological or biological
weapon; and in connection therewith would have as its purpose or effect the requirement of
a new or increased expenditure of local funds within the meaning of Amendment 621 of the Constitution
of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution
of Alabama of 1901, as amended. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section
13A-10-190 of the Code of...
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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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