HB91 Alabama 2016 Session
Updated Jul 24, 2021
HB91 Alabama 2016 Session
House Bill
In Committee
Current Status
Regular Session 2016
Session
1
Sponsor
Summary
- Primary Sponsor
-
Lynn Greer RepresentativeRepublican - Session
- Regular Session 2016
- Title
- Deferred compensation plans, portion of income exempt from income tax, Sec. 40-18-19 am'd.
- Description
Currently, income from defined contribution deferred compensation plans is taxable as income.
This bill would provide that 90 percent of such income, up to $50,000, is exempt.
- Subjects
- Taxation
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Bill Text
Documents
Source: Alabama Legislature