HB504 Alabama 2010 Session
Bill Summary
Under current law, individual income taxpayers are required to make estimated tax payments if their income exceeds certain amounts, and corporate income taxpayers are required to make estimated tax payments if their tax liability exceeds $5,000
This bill will simplify individual income tax and corporate income tax estimate payments by conforming the state system with the federal system
This bill will also increase the estimated tax payment threshold for individuals and decrease the estimated tax payment threshold for corporations
To amend Sections 40-18-80 and 40-18-80.1 and repeal Sections 40-18-82, 40-18-83, 40-18-83.1, and 40-18-85, Code of Alabama 1975, relating to estimated income tax payments to conform Alabama with the federal system; and to increase the estimated tax payment threshold for individuals and decrease the estimated tax payment threshold for corporations.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 8, 2010 | Forwarded to Governor on April 8, 2010 at 2:20 p.m. on April 8, 2010. | |
| April 8, 2010 | Assigned Act No. 2010-568. | |
| April 8, 2010 | Enrolled | |
| April 8, 2010 | Signature Requested | |
| April 8, 2010 | Clerk of the House Certification | |
| April 8, 2010 | Passed Second House | |
| April 8, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 846 | |
| April 8, 2010 | Third Reading Passed | |
| March 11, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation Education | |
| March 25, 2010 | Read for the second time and placed on the calendar | |
| March 11, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 570 | |
| March 11, 2010 | Third Reading Passed | |
| February 25, 2010 | Read for the second time and placed on the calendar | |
| February 4, 2010 | Read for the first time and referred to the House of Representatives committee on Education Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB504 Alabama 2010 Session - Enrolled |
| Bill Text | HB504 Alabama 2010 Session - Introduced |