SB43 Alabama 2015 1st Special Session
Bill Summary
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
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.
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 |