SB483 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Hinton Mitchem
Democrat
Session: Regular Session 2010
Title: Income tax, certain retirement plans from certain colleges, exempt, Sec. 40-18-19 am'd.
Description: Under existing law, the state levies an income tax upon all residents of the state and upon nonresidents who receive income from Alabama sources. Also, under existing law, certain retirement income is exempt from taxation.
This bill would exempt from taxation retirement income from an institution of higher education meeting certain criteria.
Subjects: Taxation

Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability