HB505 Alabama 2016 Session
Bill Summary
Existing law does not allow the suspension of tax credits when the Governor declares proration of the General Fund or the Education Trust Fund or if the General Fund Appropriation Act or the Education Trust Fund Appropriation Act is level funded based on the prior year act
This bill would provide that if the Governor declares proration of the General Fund or the Education Trust Fund or if the General Fund Appropriation Act or the Education Trust Fund Appropriation Act is level funded based on the prior year act, any tax credit earned in the tax year of the taxpayer in which the proration was declared or a level-funded General Fund or Education Fund Appropriations Act is enacted shall be suspended for that tax year
Relating to tax credits; to provide that if the Governor declares proration of the General Fund or the Education Trust Fund or if the General Fund Appropriation Act or the Education Trust Fund Appropriation Act is level funded based on the prior year act, tax credits earned in that tax year shall be suspended for that tax year.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 7, 2016 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 27, 2016 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB505 Alabama 2016 Session - Introduced |