AL SB98 | 2021 | Regular Session
Status
Spectrum: Strong Partisan Bill (Republican 11-1)
Status: Introduced on February 2 2021 - 25% progression, died in chamber
Action: 2021-05-04 - Indefinitely Postponed
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2021 - 25% progression, died in chamber
Action: 2021-05-04 - Indefinitely Postponed
Text: Latest bill text (Introduced) [PDF]
Summary
Income tax, exclusion for federal tax credits, advance refunds, qualified disaster relief payments, subsidies, grants, student loans, or loan forgiveness from federal CARES Act and subsequent federal COVID relief legislation, exemption from income and financial institution excise tax for amounts from the Coronavirus Relief Fund, to decouple from 26 U.S.C, 951A and 118 (b)(2), to change business interest expense limitation, and to allow Electing Pass-Through Entity to be taxed at entity level, Sec. 40-27-1 am'd.
Title
Income tax, exclusion for federal tax credits, advance refunds, qualified disaster relief payments, subsidies, grants, student loans, or loan forgiveness from federal CARES Act and subsequent federal COVID relief legislation, exemption from income and financial institution excise tax for amounts from the Coronavirus Relief Fund, to decouple from 26 U.S.C, 951A and 118 (b)(2), to change business interest expense limitation, and to allow Electing Pass-Through Entity to be taxed at entity level, Sec. 40-27-1 am'd.
Sponsors
| Sen. Dan Roberts [R] | Sen. Will Barfoot [R] | Sen. Tom Butler [R] | Sen. Chris Elliott [R] |
| Sen. Sam Givhan [R] | Sen. Garlan Gudger [R] | Sen. Del Marsh [R] | Sen. Tim Melson [R] |
| Sen. Arthur Orr [R] | Sen. Shay Shelnutt [R] | Sen. Bobby Singleton [D] | Sen. J.T. Waggoner [R] |
Roll Calls
2021-04-27 - Senate - SBIR: Roberts motion to Adopt Roll Call 1160 (Y: 26 N: 0 NV: 0 Abs: 8) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-05-04 | Senate | Indefinitely Postponed |
| 2021-04-27 | Senate | Further Consideration |
| 2021-04-27 | Senate | Roberts motion to Carry Over to the Call of the Chair adopted Voice Vote |
| 2021-04-27 | Senate | Third Reading Carried Over to Call of the Chair |
| 2021-02-03 | Senate | Read for the second time and placed on the calendar 1 amendment |
| 2021-02-02 | Senate | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Same As/Similar To
HB170 (Same As) 2021-02-11 - Delivered to Governor at 11:42 a.m. on February 11, 2021.
