HB643 Alabama 2019 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Sections 40-18-15 and 40-23-85, Code of
Alabama 1975, relating to income and use tax, to remove the
deduction for FICA taxes paid and to modify the distribution
of use taxes paid.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 28, 2019 | H | Read for the first time and referred to the House of Representatives committee on Fiscal Responsibility |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB643 Alabama 2019 Session - Introduced |