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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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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HB481
176306-1:n:03/24/2016:FC/tj LRS2016-1300 HB481 By Representative Sessions RFD Agriculture and Forestry Rd 1 05-APR-16 SYNOPSIS: Under existing law, the issuance of net and seine permits for commercial fishing is limited and certain permits are not transferable under any circumstances including physical hardship, and applicants for renewal are required to have previously purchased a license and to meet certain income requirements in subsequent years. This bill would delete the requirement for proof of income under Alabama income tax law for renewal of permits. A BILL TO BE ENTITLED AN ACT To amend Section 9-12-113 of the Code of Alabama 1975, relating to commercial fishing and net and seine permits; to further provide for the renewal of permits without regard to the income requirements. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 9-12-113 of the Code of Alabama 1975, is amended to read as follows: §9-12-113. "(a) Each license or permit issued by the Commissioner of...
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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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HB36
Rep(s). By Representatives South, Garrett, Fincher, Shedd, Pettus, Hill (M), Millican, Weaver, Rowe, Davis, Ledbetter, Williams (JD), Holmes (M), Wilcox, McCutcheon, Baker, Greer, McMillan, Beckman, Carns, Poole, Chesteen, Mooney, Treadaway, Hubbard, Faulkner and Johnson (K) HB36 ENROLLED, An Act, To establish the Alabama Small Business and Agribusiness Jobs Act; to define certain terms; to provide for a tax credit to Alabama small business employers that create new jobs and hire new employees under certain conditions; to amend Section 40-18-321, Code of Alabama 1975, to make conforming changes; to provide rulemaking authority; and to require the Department of Revenue to implement a program promoting various tax credits for small businesses and independently owned business entities. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act shall be known and may be cited as the Alabama Small Business and Agribusiness Jobs Act. Section 2. For the purpose of this act, the...
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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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HB202
Rep(s). By Representative Poole HB202 ENROLLED, An Act, To adopt a revised Alabama Limited Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975; to provide for the various processes of formation of a limited partnership; to provide default provisions; to provide that certain obligations of a limited partnership may not be modified in the agreement; to specify the information required to be included in various filings; to specify that when both the converting entity and the converted entity are domestic entities, the statement of conversion and the certificate of formation would be filed simultaneously with the Secretary of State; to make various harmonizing changes to the limited liability company law; to amend Sections 10A-1-1.03, 10A-1-1.06, 10A-1-1.08, 10A-1-4.26, 10A-1-6.02, 10A-1-6.13, 10A-1-6.25, 10A-1-7.07, 10A-5A-1.10, 10A-5A-4.01, 10A-5A-5.04, 10A-5A-7.01, 10A-5A-7.02, 10A-5A-10.03, 10A-5A-10.04, 10A-5A-10.07, and 10A-5A-10.08, Code of Alabama 1975; and to...
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SB151
173107-4:n:02/08/2016:JMH/hh LRS2015-3468R2 SB151 By Senator Ward RFD Judiciary Rd 1 09-FEB-16 SYNOPSIS: This bill would revise the Alabama Limited Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975. This bill would harmonize the existing limited partnership law and the existing limited liability company law by reducing the differences between the two laws. This bill would harmonize, to the extent possible, the various processes of formation, filings, notice, amendment and restatement of certificates of formation, admission of limited partners and general partners, contributions and distributions, dissociation of partners and the effects thereof, transfers of interests, charging orders, rights of personal representatives, dissolution and winding up, direct and derivative actions, and conversions and mergers. This bill would continue to specify various default provisions which would apply to a partnership agreement unless modified by the partners in the partnership...
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SB395
176699-1:n:04/06/2016:PMG/tj LRS2016-1477 SB395 By Senator Brewbaker RFD Education and Youth Affairs Rd 1 07-APR-16 SYNOPSIS: This bill would create the Education Savings Account program which would allow parents to use the funds in the account which would have been allocated to their child at their resident school district for an education program of the parents' choosing. A BILL TO BE ENTITLED AN ACT Relating to education; to create the Education Savings Account program which would allow parents to use the funds in the account which would have been allocated to their child at their resident school district for an education program of the parents' choosing. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. This act shall be known and may be cited as the Education Savings Account Act. Section 2. As used in this act, the following words shall have the following meanings: (1) DEPARTMENT. The Alabama Department of Revenue or an organization chosen by the state. (2) ELIGIBLE...
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HB459
attorneys, engineers, consultants, and other professionals as the board shall deem necessary for the conduct of the business of the institute. "(13) To provide grants to educational, governmental, nonprofit, community-based, workforce development, economic development, and other organizations and associations engaged in the education, recruitment, training, placement, and professional development of persons engaged in activities leading to the furtherance of careers in commercial and industrial construction in accordance with the purposes of the institute. "(14) To cooperate or partner, or both, with regional and national organizations promoting construction workforce development, including the sharing of non-monetary marketing and educational resources and databases, in furtherance of the purposes of the institute. "(15) To do all things necessary or convenient to carry out the powers and purposes conferred by this section. "(16) To exercise any and all powers permissible under...
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