SB39 Alabama 2015 1st Special Session

Summary

Primary Sponsor

Vivian Davis FiguresSenator

Democrat

Session

First Special Session 2015

Title

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

Description

This bill would establish a factor presence nexus standard for business activity for purposes of income tax.

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Subjects

Taxation