HB73 Alabama 2010 Session
Updated Jul 26, 2021
HB73 Alabama 2010 Session
House Bill
Expired
Current Status
Regular Session 2010
Session
1
Sponsor
Summary
- Primary Sponsor
-
Mike BallRepublican - Session
- Regular Session 2010
- Title
- Income tax, research and development tax credit based on federal income tax credit, Sec. 40-18-180 added
- Description
For tax years beginning after December 31, 2010, this Act will allow for a research and development credit attributable to Alabama activities. This credit will annually phase in an increasing percentage to a maximum of twenty percent (20%) of the amount allowed in Section 41 of the Internal Revenue Code, if certain conditions are met.
- Subjects
- Taxation
Bill Actions
Read for the first time and referred to the House of Representatives committee on Education Appropriations
Bill Text
Documents
Source: Alabama Legislature