HB558 Alabama 2014 Session
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Bill Summary
Sponsors
Session
Regular Session 2014
Title
Alabama Accountability Act, $7,500 limit on scholarship contributions by individual taxpayers removed, pass-through entities allowed to make contributions to scholarship granting organizations, release date for unaccounted scholarship funds moved, reporting period changed from calendar to school year, Sec. 16-6D-9 am'd.
Description
<p class="bill_description"> This bill would amend the Alabama
Accountability Act of 2013 to remove the current
$7,500 annual limitation on contributions made to
scholarship granting organizations by individual
taxpayers</p><p class="bill_description">
This bill would allow certain pass-through
entities, such as subchapter S corporations and
limited liability companies, to make contributions
to scholarship granting organizations and to allow
the credit earned by the entity to pass through to
and be claimed by its owners, and to likewise
expand the definition of individual taxpayer to
include the individual owners of these pass-through
entities</p><p class="bill_description">
This bill would amend the release date for
unaccounted scholarship funds from September 15 to
May 15 of each year</p><p class="bill_description">
This bill would also amend the reporting
period for scholarship granting organizations from
a calendar year to a school year</p><p class="bill_entitled_an_act"> To amend Section 16-6D-9, Code of Alabama 1975, as
added by Act 2013-64 and amended by Act 2013-265, 2013 Regular
Session, relating to the Alabama Accountability Act of 2013;
to remove the current $7,500 annual limitation on
contributions made by individual taxpayers to scholarship
granting organizations; to allow certain pass-through entities
to make contributions to scholarship granting organizations,
and to allow the credit earned by those entities to pass
through to and be claimed by their owners, and to likewise
expand the definition of individual taxpayer to include the
individual owners of these pass-through entities; to amend the
release date for unaccounted scholarship funds from September
o May 15 of each school year; to amend the reporting
period for scholarship granting organizations from a calendar
year to a school year; and to provide a retroactive effective
date.
</p>
Subjects
Alabama Accountability Act
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2014 | S | Pending third reading on day 29 Favorable from Fiscal Responsibility and Accountability |
| April 1, 2014 | S | Read for the second time and placed on the calendar |
| March 20, 2014 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability |
| March 19, 2014 | H | Engrossed |
| March 19, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 882 |
| March 19, 2014 | H | Motion to Adopt adopted Roll Call 881 |
| March 19, 2014 | H | Hammon motion to Previous Question adopted Roll Call 880 |
| March 19, 2014 | H | Education Policy Amendment Offered |
| March 19, 2014 | H | Third Reading Passed |
| March 13, 2014 | H | Read for the second time and placed on the calendar 1 amendment |
| March 11, 2014 | H | HB558 rereferred from WME to EP |
| February 27, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB558 Alabama 2014 Session - Introduced |