HB130 Alabama 2020 Session

Summary

Primary Sponsor

Andrew Sorrell Auditor

Republican

Session

Regular Session 2020

Title

Taxation, business entities, eliminate the annual Business Privilege Tax over a ten-year period, Article 2, of Chapter 14A of Title 40 repealed on January 1, 2030, Sec. 40-14A-22 am'd.

Description

Under existing law, all entities doing business or registered to do business in Alabama have an annual filing obligation for Business Privilege Tax.

This bill would reduce the Business Privilege Tax each year over a ten-year period, beginning in the tax year 2020 until the tax is eliminated after tax year 2029.

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Subjects

Taxation