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HB241 Alabama 2011 Session

Updated Jan 11, 2026
HB241 Alabama 2011 Session
House Bill
In Committee
Current Status
Regular Session 2011
Session
26
Sponsors

Summary

Session
Regular Session 2011
Title
Income tax, Alabama resident individuals, gross income includes an owner's entire allocable share of income earned from both in-state and out-of-state sources, Sec. 40-18-14 am'd.
Description

Under existing law, Alabama levies an income tax on resident and nonresident individuals. Gross income for resident individuals includes income from sources within and without Alabama.

This bill will amend Section 40-18-14, Code of Alabama 1975, to clarify that gross income for Alabama resident individuals includes an owner's entire allocable share of income from a pass-through entity.

Subjects
Taxation

Bill Actions

Read for the first time and referred to the House of Representatives committee on Ways and Means Education

Bill Text

Documents

Source: Alabama Legislature