HB328 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: Artis McCampbellRepresentative
Democrat
Co-Sponsors: Chad Fincher Phil Williams Richard J. Laird Alan Boothe Elaine Beech Mark Tuggle David Sessions
Session: Regular Session 2012
Title: Taxation, income tax credit for purchase and installation of irrigation systems, water wells and reservoirs by agricultural entities
Description: Under existing law, Alabama income taxpayers can elect to expense certain property in accordance with Section 179 of the Internal Revenue Code. This bill would allow certain taxpayers to expense property under Section 179 as it existed on January 1, 2011.
Currently there are no incentives for businesses in an agricultural trade or business to develop solutions to combat the drought conditions that have prevailed in recent years. This bill will provide an income tax credit of up to $10,000 for the purchase and installation of irrigation systems and the building and development of water wells and reservoirs by those business entities that engage in agriculture.
Subjects: Taxation

Bill Actions

Delivered to Governor at 11:45 a. m. on May 9, 2012.

Assigned Act No. 2012-391.

Clerk of the House Certification

Signature Requested

Concurred in Second House Amendment

Enrolled

Fincher motion to Concur In and Adopt adopted Roll Call 1361

Concurrence Requested

Motion to Read a Third Time and Pass adopted Roll Call 1172

Singleton motion to Adopt adopted Roll Call 1171

Singleton Amendment Offered

Scofield motion to Adopt adopted Roll Call 1170

Finance and Taxation Education Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar 1 amendment

Read for the first time and referred to the Senate committee on Finance and Taxation Education

Engrossed

Cosponsors Added

Motion to Read a Third Time and Pass adopted Roll Call 731

Motion to Adopt adopted Roll Call 730

Lee Amendment Offered

Motion to Adopt adopted Roll Call 729

Ways and Means Education Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar 1 amendment

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

Bill Text

Download Enrolled PDF

Votes

Yes 96

Absent 9

Yes 96

Abstained 1

Absent 8

Yes 70

Abstained 1

Absent 34

Yes 98

No 1

Absent 6

Yes 22

No 1

Abstained 1

Absent 11

Yes 97

Abstained 1

Absent 7

Yes 23

Abstained 1

Absent 11

Yes 22

No 1

Abstained 1

Absent 11

Documents

Bill Text (Enrolled) HB328 Alabama 2012 Session - Enrolled

Bill Text (Engrossed) HB328 Alabama 2012 Session - Engrossed

Bill Text (Introduced) HB328 Alabama 2012 Session - Introduced

Source: Alabama Legislature