Under current law, individuals are required to file an Alabama income tax return reporting gross income and claiming allowable deductions, resulting in taxable income. Taxpayers pay income tax on taxable income using a graduated tax rate schedule.
This bill would establish a simplified short form for filing individual income tax. This bill allows for an optional increased standard deduction to qualifying taxpayers to utilize a simplified short form who file as single or married filing joint filing status and meet certain income criteria. Qualifying taxpayers who choose to claim the optional increased standard deduction must voluntarily forego their federal income tax deduction, credits and exemptions that may otherwise be available. Taxpayers opting to claim the optional increased standard deduction will do so on a simplified short form, provided by the department.
Delivered to Governor at 4:19 p.m. on May 19, 2017.
Assigned Act No. 2017-405.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1296
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Motion to Read a Third Time and Pass adopted Roll Call 415
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Source: Alabama Legislature