HB91 Alabama 2016 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Lynn Greer
Republican
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

Read for the first time and referred to the House of Representatives committee on Ways and Means Education