HB643 Alabama 2019 Session

Updated Apr 26, 2021

HB643 Alabama 2019 Session

House Bill

Expired

Current Status

Regular Session 2019

Session

1

Sponsor

Summary

Primary Sponsor: Merika ColemanSenator
Democrat
Session: Regular Session 2019
Title: Income tax, deductions for federal FICA taxes, tax on wages removed, self-employment taxes reduced, Sec. 40-18-15 am'd.
Description: In determining the amount of income that is subject to tax under current law, taxpayers are allowed to deduct, from income, the full amount of Federal Insurance Contribution Act (FICA) taxes withheld from wages. Under current law, remaining regular use tax proceeds are distributed to the Education Trust Fund and the General Fund.
This bill would amend Sections 40-18-15 and 40-23-85, Code of Alabama 1975, to remove the deduction for FICA taxes paid and to modify the disposition of funds derived from use taxes.
Subjects: Taxation

Bill Actions

Read for the first time and referred to the House of Representatives committee on Fiscal Responsibility

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) HB643 Alabama 2019 Session - Introduced

Source: Alabama Legislature