SB187 Alabama 2016 Session

Updated Jul 24, 2021

Senate Bill

In Committee

Current Status

Regular Session 2016

Session

1

Sponsor

Summary

Primary Sponsor: Phillip W. Williams
Republican
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 for a certain amount per pay period with an option to opt out of the plan within 90 days after enrollment.
Subjects: Taxation

Indefinitely Postponed

Pending third reading on day 12 Favorable from Fiscal Responsibility and Economic Development with 1 amendment

Read for the second time and placed on the calendar 1 amendment

Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development