Cosponsors Added
Yes
72
Absent
30
HB260 Alabama 2018 Session
Updated Apr 26, 2021
HB260 Alabama 2018 Session
House Bill
Enacted
Current Status
Regular Session 2018
Session
1
Sponsor
Summary
- Primary Sponsor
-
Donnie Chesteen SenatorRepublican - Session
- Regular Session 2018
- Title
- Irrigation equip. or reservoirs for agriculture purposes, income tax credit, eligibility for credit, Sec. 40-18-342 am'd.
- Description
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.
- Subjects
- Taxation
Bill Actions
H
Forwarded to Governor on March 22, 2018 at 2:22 p.m. on March 22, 2018.
H
Assigned Act No. 2018-468.
H
Clerk of the House Certification
H
Enrolled
S
Signature Requested
H
Passed Second House
S
Motion to Read a Third Time and Pass adopted Roll Call 1036
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
H
Cosponsors Added
H
Motion to Read a Third Time and Pass adopted Roll Call 355
H
Third Reading Passed
H
Rereferred HB260 from W&ME to A&F
H
Read for the second time and placed on the calendar
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Bill Text
Votes
Motion to Read a Third Time and Pass
Yes
92
Absent
10
Motion to Read a Third Time and Pass
Yes
26
Absent
8
Documents
Source: Alabama Legislature