Tax Reform

LWVAL Action Priority Level II - Monitoring occurs; action dependent on opportunity and available resources.

Click a bill to see sponsor(s), summary (including link to full text), League action and justification for that action, and progress of the bill through the legislative process.

Legend:
thumbs_up_icon.jpg = LWVAL's support for the legislation.
thumbs_down_icon.jpg = LWVAL's opposition to the legislation.
green-right-arrow.jpg = new bill activity; change from previous week's report such as new progress in the legislature and/or League action. Bill may be one newly added to the report. These updates are in green font.

LWVAL has taken a position on these bills:

green-right-arrow.jpgthumbs_up_icon.jpgSB119 - Legislative Fiscal Office, tax exemptions, annual report to Legislature of "tax expenditures" from exemptions

thumbs_up_icon.jpgHB142 - Corporate income tax, combined reporting of income required, Secs. 40-18-1, 40-18-30, 40-18-31 am'd.

thumbs_up_icon.jpgHB476 (Constitutional Amendment) - Income tax, Alabama Individual Income Tax Reform Act of 2015, subject to repeal of federal income tax credit, increases deductions and creates State Earned Income tax credit, Secs. 40-18-15, 40-18-19 am'd.
thumbs_up_icon.jpgHB478 (Constitutional Amendment) - State income tax, federal deduction limited for individual taxpayers, state sales tax on food removed, Amendment 225 (Section 211.04, Recompiled Constitution of Alabama of 1901, as amended), repealed, const. amend.

thumbs_up_icon.jpgHB477 (Constitutional Amendment) - State ad valorem tax, additional one mill, proceeds distributed to State General Fund, const. amend.

green-right-arrow.jpgthumbs_up_icon.jpgSB375 - Taxation, receipts, state entities, authority to unearmark and use for other areas where funding has been reduced

thumbs_up_icon.jpgHB570 - Sales and use tax on food, phase out over a four-year period

LWVAL is monitoring these bills:

SB12 - Alabama Recurring Revenue Fund, established, to receive certain percentages of recurring revenue sources of the Education Trust Fund and the State General Fund

HB490 - People's Trust Act, repayment schedule revised, Sec. 29-10-1 am'd.

green-right-arrow.jpgHB533 - Taxation, state tax revenue, distribution, provided further for, Secs. 2-21-24, 2-22-9, 2-23-5, etc.

SB409 (Constitutional Amendment) - Taxation, individual and corporate tax structure revised, specific tax rate, reduction of rate under certain conditions, const. amend.

HB576 and HB577 (Very similar) - Tax credits, for businesses and individuals who donate to schools for certain equipment

SB424 - Alabama Recurring Revenue Fund, established, to receive certain percentages of recurring revenue sources of the Education Trust Fund and the State General Fund

green-right-arrow.jpgSB502/HB700 (Constitutional Amendment) - Unified appropriations for state General Fund and Education Trust Fund; state revenue sources unearmarked, effective Jan. 1, 2017, constitutional amendment



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