AL HB418 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 1 2022 - 25% progression, died in committee
Action: 2022-03-01 - Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Pending: House Ways and Means Education Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Relating to corporate income tax deductions, providing business interest expense deduction limitations, to provide a deduction equal to the business interest expense disallowed on the federal income tax return as a result of 26 U.S.C. Section 163 (j), Sec. 40-18-39.1 repealed.

Tracking Information

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Title

Relating to corporate income tax deductions, providing business interest expense deduction limitations, to provide a deduction equal to the business interest expense disallowed on the federal income tax return as a result of 26 U.S.C. Section 163 (j), Sec. 40-18-39.1 repealed.

Sponsors


History

DateChamberAction
2022-03-01HouseRead for the first time and referred to the House of Representatives committee on Ways and Means Education

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
401839.1Repealed CodeSee Bill Text

Alabama State Sources


Bill Comments

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