SB43 Alabama 2015 1st Special Session
In Committee
Bill Summary
Sponsors
Session
First Special Session 2015
Title
Taxation, individual and corporate tax structure revised, specific tax rate, reduction of rate under certain conditions, const. amend.
Description
<p class="bill_description"> This bill would propose an amendment to the
Constitution of Alabama of 1901, entitled the
Simplified Flat Tax Act of 2015, to repeal
Amendment 25 of the Constitution of Alabama of
1901, now appearing as Section 211.01 of the
Official Recompilation of the Constitution of
Alabama of 1901, as amended, Amendment 212, as
amended by Amendment 662, of the Constitution of
Alabama of 1901, now appearing as Section 211.03 of
the Official Recompilation of the Constitution of
Alabama of 1901, as amended, and Amendment 225 of
the Constitution of Alabama of 1901, now appearing
as Section 211.04 of the Official Recompilation of
the Constitution of Alabama of 1901, as amended; to
revise the personal and corporate income tax
structure by providing a specific tax rate; to
provide an exemption for certain income earned in
other jurisdictions; to provide for certain tax
credits and deductions under certain conditions;
and to authorize the Legislature to enact general
laws to implement the amendment</p><p class="bill_entitled_an_act"> To propose an amendment to the Constitution of
Alabama of 1901, to repeal Amendment 25 of the Constitution of
Alabama of 1901, now appearing as Section 211.01 of the
Official Recompilation of the Constitution of Alabama of 1901,
as amended, Amendment 212, as amended by Amendment 662, of the
Constitution of Alabama of 1901, now appearing as Section
211.03 of the Official Recompilation of the Constitution of
Alabama of 1901, as amended, and Amendment 225 of the
Constitution of Alabama of 1901, now appearing as Section
211.04 of the Official Recompilation of the Constitution of
Alabama of 1901, as amended; to revise the personal and
corporate income tax structure by providing a specific tax
rate; to provide for certain tax credits and deductions under
certain conditions; and to authorize the Legislature to enact
general laws to implement the amendment.
</p>
Subjects
Constitutional Amendments
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| August 5, 2015 | S | Finance and Taxation Education first Amendment Offered |
| August 5, 2015 | S | Pending third reading on day 5 Favorable from Finance and Taxation Education with 2 amendments |
| August 5, 2015 | S | Finance and Taxation Education second Amendment Offered |
| August 5, 2015 | S | Read for the second time and placed on the calendar 2 amendments |
| August 3, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | August 5, 2015 | Room 727 at 11:00 | Senate F&TE Public Hearing |
| Hearing | August 5, 2015 | Room 727 at 19:00 | Senate F&TE Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB43 Alabama 2015 1st Special Session - Introduced |