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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 Ball
Republican
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