SJR4 Alabama 2011 Session

Updated Feb 25, 2026

Summary

Primary Sponsor: Roger Bedford, Jr.
Democrat
Session: Regular Session 2011
Title: Revenue Department, new Rule 810-2-8-.08, entitled Subtraction from Net Worth for the Investment in the Equity of Any Other Taxpayer Doing Business in Alabama, disapproval by Joint Committee on Administrative Regulation Review, sustained
Summary: SJR4 sustains the disapproval of the Department of Revenue's proposed rule allowing a subtraction from net worth for investments in the equity of other Alabama taxpayers.
What This Bill Does
If enacted, it blocks the Department of Revenue's proposed rule 810-2-8-.08. The rule would have allowed a subtraction from net worth for an investment in the equity of another taxpayer doing business in Alabama. By sustaining the disapproval, the rule will not take effect and the subtraction would not be available under this rule.

Who It Affects
Businesses doing business in Alabama that invest in the equity of another taxpayer would not be able to claim the proposed net-worth subtraction.
Alabama Department of Revenue and tax professionals who would apply or enforce the subtraction rule will not implement it, as the rule is blocked.

Key Provisions
Provision 1: The Department of Revenue proposed a new rule 810-2-8-.08 titled 'Subtraction from Net Worth for the Investment in the Equity of Any Other Taxpayer Doing Business in Alabama.'
Provision 2: The Legislature sustains the Joint Committee on Administrative Regulation Review's disapproval, blocking adoption of the proposed rule.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Resolutions, Legislative