HB122 Alabama 2020 Session
Updated Feb 12, 2020
HB122 Alabama 2020 Session
House Bill
Expired
Current Status
Regular Session 2020
Session
1
Sponsor
Summary
- Primary Sponsor
Andrew SorrellAuditorRepublican- Session
- Regular Session 2020
- Title
- Income tax, exclude gains and losses derived from exchange of precious metal bullions from calculation of gross income, Secs. 40-18-14, 40-18-15 am'd.
- Description
This bill would exclude from gross income of individuals the net capital gain derived from the exchange of precious metal bullion.
This bill would also include as a deduction of individuals from gross income the net capital loss derived from the exchange of precious metal bullion.
- Subjects
- Income Tax
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Bill Text
Documents
Source: Alabama Legislature