HB302 Alabama 2017 Session
Bill Summary
Under existing law, the state corporate income tax rate is set at six and one-half percent on the net income of corporations
This bill would propose an amendment to Amendment No. 212, as amended by Amendment No. 662 to the Constitution of Alabama of 1901, and now appearing as Section 211.03 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, to reduce the tax rate on the net income of corporations to six percent beginning with the calendar year 2019
To propose an amendment to Amendment No. 212, as amended by Amendment No. 662, to the Constitution of Alabama of 1901, now appearing as Section 211.03 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, relating to income taxation of corporations, to reduce the tax rate on the net income of corporations to five percent beginning with the calendar year 2015.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 23, 2017 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB302 Alabama 2017 Session - Introduced |