SB425 Alabama 2012 Session

Updated Jul 25, 2021

SB425 Alabama 2012 Session

Senate Bill

Expired

Current Status

Regular Session 2012

Session

1

Sponsor

Summary

Primary Sponsor: Tammy Irons
Democrat
Session: Regular Session 2012
Title: Limited liability companies, certain owners not liable for non-income taxes solely based on partnership classification, and to express intent, Secs. 10A-5-3.02, 40-29-72 am'd.
Description: This bill would clarify that certain owners of limited liability companies are not personally liable for non-income taxes solely because the company is classified as a partnership for Alabama income tax purposes.
Subjects: Business and Commerce

Bill Actions

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

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB425 Alabama 2012 Session - Introduced

Source: Alabama Legislature