HB130 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
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entities, eliminate the annual Business Privilege Tax over a ten-year period, Article 2, of Chapter 14A of Title 40 repealed on January 1, 2030, Sec. 40-14A-22 am'd.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
<p class="bill_description"> Under existing law, all entities doing
business or registered to do business in Alabama
have an annual filing obligation for Business
Privilege Tax</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 40-14A-22, Code of Alabama, 1975,
to eliminate the annual Business Privilege Tax for all
business entities over a ten-year period beginning in the tax
year 2020.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 4, 2020 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB130 Alabama 2020 Session - Introduced |