HB260 Alabama 2018 Session
Bill Summary
Under existing law, an income tax credit is available for any agricultural trade or business that purchases and installs qualified irrigation equipment or a qualified reservoir. The maximum amount of the credit is $10,000 for tax years 2011 through 2017 and $50,000 for tax years 2018 through 2022.
This bill would specify that an eligible taxpayer may claim one credit during tax years 2011 through 2017 and one credit during tax years 2018 through 2022.
Relating to the income tax irrigation credit; to amend Section 40-18-342 of the Code of Alabama 1975, as amended by Act 2017-352 of the 2017 Regular Session, to specify that eligible taxpayers may claim one credit during tax years 2011 through 2017 and one credit during tax years 2018 through 2022.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 21, 2018 | H | Forwarded to Governor on March 22, 2018 at 2:22 p.m. on March 22, 2018. |
| March 21, 2018 | H | Assigned Act No. 2018-468. |
| March 21, 2018 | H | Clerk of the House Certification |
| March 21, 2018 | H | Enrolled |
| March 21, 2018 | S | Signature Requested |
| March 21, 2018 | H | Passed Second House |
| March 21, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 1036 |
| March 21, 2018 | S | Third Reading Passed |
| February 28, 2018 | S | Read for the second time and placed on the calendar |
| February 19, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| February 14, 2018 | H | Cosponsors Added |
| February 14, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 355 |
| February 14, 2018 | H | Third Reading Passed |
| January 24, 2018 | H | Rereferred HB260 from W&ME to A&F |
| February 7, 2018 | H | Read for the second time and placed on the calendar |
| January 17, 2018 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB260 Alabama 2018 Session - Introduced |
Source: Alabama Legislature