HB5 Alabama 2016 Session
Updated Jul 24, 2021
HB5 Alabama 2016 Session
House Bill
In Committee
Current Status
Regular Session 2016
Session
1
Sponsor
Summary
- Primary Sponsor
-
Mike HillRepublican - Session
- Regular Session 2016
- Title
- Taxation, State Personnel Board, tax deferred compensation plan, created, Sec. 36-26-14 am'd.
- Description
Under existing law, the State Personnel Board has established a tax deferred compensation plan for employees of the state or a municipality, county, or other public entity electing to participate in the plan.
This bill would authorize entities participating in the plan to enroll employees in the plan upon employment with an option to opt out of the plan within 90 days after enrollment.
- Subjects
- Taxation
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on State Government
Bill Text
Documents
Source: Alabama Legislature