HB504 Alabama 2011 Session

Summary

Primary Sponsor

Craig Ford

Independent

Session

Regular Session 2011

Title

Corporations, required to file Form 10-K with Securities and Exchange Commission, to file Form 10-K report regarding business in Alabama with Revenue Department

Description

Under existing federal requirements public companies with more than $10 million in assets and a class of equity securities held by more than 500 owners must file a Form 10-K annual report with the U.S. Securities and Exchange Commission (SEC) that gives a comprehensive summary of the public company's performance.

This bill would require public companies that file a Form 10-K annual report with the U.S.

Securities and Exchange Commission (SEC) and which operate in Alabama to file a Form 10-K annual report with the Department of Revenue specific to its business in Alabama.

Subjects

Corporations