HB260 Alabama 2018 Session
Signed by Governor
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 22, 2018 | H | Forwarded to Governor on March 22, 2018 at 2:22 p.m. on March 22, 2018. |
| March 22, 2018 | H | Assigned Act No. 2018-468. |
| March 22, 2018 | H | Clerk of the House Certification |
| March 22, 2018 | H | Enrolled |
| March 22, 2018 | S | Signature Requested |
| March 22, 2018 | H | Passed Second House |
| March 22, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 1036 |
| March 22, 2018 | S | Third Reading Passed |
| March 1, 2018 | S | Read for the second time and placed on the calendar |
| February 20, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| February 15, 2018 | H | Cosponsors Added |
| February 15, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 355 |
| February 15, 2018 | H | Third Reading Passed |
| January 25, 2018 | H | Rereferred HB260 from W&ME to A&F |
| February 8, 2018 | H | Read for the second time and placed on the calendar |
| January 18, 2018 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 28, 2018 | Room 727 *Public Hearing & Vote* at 10:30 | Senate F&TE Hearing |
| Hearing | February 7, 2018 | Room 410 at 15:00 | House A&F Hearing |
| Hearing | January 31, 2018 | Room 410 at 15:00 | House A&F Hearing |
| Hearing | April 19, 2017 | Room 200 at 13:30 | House JUDY Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB260 Alabama 2018 Session - Introduced |