SB131 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Health Savings Accounts, income tax deduction auth. for contributions to, Sec. 40-18-15.6 added.
Description
Under existing law, taxpayers do not have an option for deducting contributions made to a Health Savings Account.
This bill would grant a deduction on the Alabama Individual Income Tax return for Health Savings Accounts that mirrors the one allowed for Federal Income Tax purposes.
To add Section 40-18-15.6, Code of Alabama 1975; relating to the Health Savings Account Contributions.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 27, 2016 | S | Indefinitely Postponed |
| March 2, 2016 | S | Sanford motion to Carry Over to the Call of the Chair adopted Voice Vote |
| March 2, 2016 | S | Third Reading Carried Over to Call of the Chair |
| February 10, 2016 | S | Read for the second time and placed on the calendar |
| February 2, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB131 Alabama 2016 Session - Introduced |
Source: Alabama Legislature