SB 342
Bill Summary
Under current law, Alabama individual residents are entitled to an income tax credit for taxes paid directly or on their behalf to other states and territories
This bill provides that the income tax credit on income derived from sources outside of the state only offset the portion of the taxpayer’s income tax liability that is attributable to income derived from non-Alabama sources
To amend Section 40-18-21, Code of Alabama 1975, relating to the income tax credit for taxes paid on income from sources outside the state; and to provide that the income tax credit for taxes paid on income from sources outside the state only offset the portion of the taxpayer’s income tax liability that is attributable to income derived from non-Alabama sources.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 1, 2018 | S | Pending third reading on day 17 Favorable from Finance and Taxation Education |
| March 1, 2018 | S | Read for the second time and placed on the calendar |
| February 22, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 28, 2018 | Room 727 *Public Hearing & Vote* at 10:30 | Senate F&TE Hearing |
| Hearing | May 17, 2017 | Room 429 at 00:00 | House SG Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB 342 - Introduced |