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HB129
Rep(s). By Representative Hill (J) HB129 ENROLLED, An Act, To amend Section 27-25-3 of the
Code of Alabama 1975, relating to the licensure of title insurance agents by the State Insurance
Department, to exempt licensed attorneys from licensure. BE IT ENACTED BY THE LEGISLATURE
OF ALABAMA:Section 1. Section 27-25-3 of the Code of Alabama 1975, is amended to read as follows:
§27-25-3. "For the purposes of this chapter, the following terms shall have the following
meanings: "(1) ABSTRACT OF TITLE. A compilation or summary of all instruments of public
record of whatever kind or nature which in any manner affect title to a specified parcel of
real property. "(2) BUSINESS ENTITY. A domestic entity properly formed and existing under
Title 10A. "(3) COMMISSIONER. The Commissioner of the Alabama Department of Insurance.
"(4) INDIVIDUAL. A natural person. "(5) NAIC. The National Association of Insurance
Commissioners, its subsidiaries and affiliates, and any successor thereof. "(6) OPINION
OF...
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SB65
172594-1:n:12/02/2015:FC/th LRS2015-3308 SB65 By Senator Ward RFD Judiciary Rd 1 02-FEB-16
SYNOPSIS: Under existing law, a licensed attorney who serves as an agent for a title insurance
company is also required to be licensed by the State Insurance Department. This bill would
exempt licensed attorneys from licensure as title insurance agents. A BILL TO BE ENTITLED
AN ACT To amend Section 27-25-3 of the Code of Alabama 1975, relating to the licensure of
title insurance agents by the State Insurance Department, to exempt licensed attorneys from
licensure. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 27-25-3 of the Code
of Alabama 1975, is amended to read as follows: §27-25-3. "For the purposes of this
chapter, the following terms shall have the following meanings: "(1) ABSTRACT OF TITLE.
A compilation or summary of all instruments of public record of whatever kind or nature which
in any manner affect title to a specified parcel of real property. "(2) BUSINESS ENTITY.
A...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB65.htm - 5K - Match Info - Similar pages
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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HB181
173937-1:n:02/10/2016:FC*/cj LRS2016-597 HB181 By Representative Martin RFD Insurance Rd 1
11-FEB-16 SYNOPSIS: Under existing law, insurance adjusters are defined to be representatives
of the insurance company and not of the insured. This bill would provide for the licensing
and regulation of public adjusters of insurance claims on behalf of insureds. A BILL TO BE
ENTITLED AN ACT Relating to insurance; to provide for the qualifications and procedures for
the licensing of public adjusters; to provide definitions and exceptions to the licensing
and registration requirements; to require public adjusters to take and pass a written examination,
with exception; to provide for nonresident licensing; to require public adjusters to complete
a minimum of 24 hours of continuing education on a biennial basis; to provide standards of
conduct for public adjusters; to require public adjusters to report administrative action
taken against them in other jurisdictions; to give the Commissioner of...
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HB189
Rep(s). By Representatives Davis, Faust, Baker, Shiver and McMillan HB189 ENROLLED, An Act,
To amend Section 35-8A-410, Code of Alabama 1975, relating to the Alabama Uniform Condominium
Act; to define certain terms relating to escrow and building costs; to specify conditions
of escrow deposit and use; and to require written notice in the contract that deposits may
be used under certain conditions. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section
35-8A-410, Code of Alabama 1975, is amended to read as follows: §35-8A-410. "(a)Except
as provided in subsection (b), any deposit made in connection with the purchase or reservation
of a unit from a person required to deliver an offering statement pursuant to Section 35-8A-402(c)
shall be placed in escrow and held either in this state or in the state where the unit is
located in an account designated solely for that purpose by a licensed title insurance company,
an attorney, a licensed real estate broker, or an institution whose...
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HB34
(1) GROWING ALABAMA CREDIT. The credit provided for in Section 40-18-413(a). (2) INDUSTRY OR
BUSINESS. An entity which would conduct at a site an activity that is primarily described
in Section 40-18-372(1). (3) LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS. Organizations which
are determined by the Department of Commerce to meet both of the following criteria: a. The
organization is an Alabama entity not operating for a profit, including, but not limited to,
a municipality or county, an industrial board or authority, a chamber of commerce,
or some other foundation or Alabama nonprofit corporation charged with improving a community
or region of the state; and b. The organization has a record of supporting or otherwise participating
in economic development activities in some part of Alabama. (4) RENEWAL OF ALABAMA COMMISSION.
The Renewal of Alabama Commission created by Section 40-18-402. (5) SITE. Real property owned
by a local economic development organization and intended for use...
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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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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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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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SB287
SB287 ENGROSSED By Senators Pittman, Ward, Allen, Williams and Reed A BILL TO BE ENTITLED AN
ACT To amend Sections 14-2-1, 14-2-12, 14-2-13.1, 14-2-14, 14-2-16, 14-2-19, 14-2-21, 14-2-28,
and 14-2-34, relating to the Alabama Corrections Institution Finance Authority, to allow the
Authority to issue up to $800 million in bonds with no specified maturity date later than
30 years for the purpose of financing the construction of women's and regional prison facilities,
renovating existing prison facilities, and demolishing obsolete prison facilities; and to
allow the Authority to construct the women's and regional prison facilities using various
types of construction agreements; to authorize the Authority to dispose of property not required
for Department of Corrections purposes; to require reporting to the Joint Legislative Prison
Committee; to further provide for actions to be taken upon payment of all bonds issued by
the Authority; to amend Section 40-8-3, relating to allocation of the...
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