SB19 Alabama 2015 1st Special Session
First Special Session 2015
Taxation, factor presence nexus standard based on business activity established for purpose of being subject to income taxation in the state, in state residence or domicile for individuals, businesses organized in state are subject to tax, nonresident individuals and businesses organized out of state that do business in the state are subject to state tax on income, Sec. 40-18-31.2 added
This bill would establish a factor presence nexus standard for business activity for purposes of income tax
To add a new Section 40-18-31.2 to the Code of Alabama of 1975, to establish a factor presence nexus standard for business activity for purposes of income tax.
|August 3, 2015||S||Read for the first time and referred to the Senate committee on Finance and Taxation Education|
|Bill Text||SB19 Alabama 2015 1st Special Session - Introduced|