SB187 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Taxation, State Personnel Board, tax deferred compensation plan, created, Sec. 36-26-14 am'd.
Description
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 36-26-14, Code of Alabama 1975, as
amended by Act 2015-83, providing for the establishment of a
tax deferred compensation plan by the State Personnel Board,
to authorize entities participating in the plan to enroll
employees in the plan upon employment for a certain amount per
pay period with provisions for the employee to opt out under
certain conditions.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 28, 2016 | S | Indefinitely Postponed |
| March 1, 2016 | S | Pending third reading on day 12 Favorable from Fiscal Responsibility and Economic Development with 1 amendment |
| March 1, 2016 | S | Read for the second time and placed on the calendar 1 amendment |
| February 9, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 24, 2016 | Room 727** Revised-Bill Removed** at 15:00 | Senate FR&ED Hearing |
| Hearing | February 24, 2016 | Room 727 ** Revised Public Hearing Added ** at 15:00 | Senate FR&ED Hearing |
| Hearing | February 24, 2016 | Room 727 at 15:00 | Senate FR&ED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB187 Alabama 2016 Session - Introduced |