SB355 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Insurance, premium tax on insurance premiums, credits for certain employees altered, Alabama real property investment credit eliminated, insurance office facility credit eliminated, Sec. 27-4A-3 am'd.
Description
Currently, a tax on certain insurance premiums is offset by certain credits, including credits for insurance office facilities and real property investments
This bill would eliminate the real property investment credit and would revise the credits provided for certain office facilities to apply based on the number of insurance company employees in the state
To amend Section 27-4A-3, Code of Alabama 1975, relating to a tax on certain insurance premiums and credits for certain facilities and real estate investments; to remove certain credits for the investments; and to eliminate the credit for facilities and replace it with credits for the number of employees of insurance carriers.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 15, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 16, 2016 | Room 727 at 00:00 | Senate F&TG Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB355 Alabama 2016 Session - Introduced |