HB3 Alabama 2020 Session

Summary

Primary Sponsor

Mike Holmes

Republican

Session

Regular Session 2020

Title

Taxation, individual and corporate tax structure revised, specific tax rate, reduction of rate under certain conditions, const. amend.

Description

This bill would propose an amendment to the Constitution of Alabama of 1901, entitled the Alabama Economic Freedom Act of 2019, to repeal the following: Amendment 25 of the Constitution of Alabama of 1901, now appearing as Section 211.01 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, Amendment 23 of the Constitution of Alabama of 1901, now appearing as Section 219 of the Official Recompilation of the Constitution of Alabama of 1901 as amended, Amendment 212, as amended by Amendment 662, of the Constitution of Alabama of 1901, now appearing as Section 211.03 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, and Amendment 225 of the Constitution of Alabama of 1901, now appearing as Section 211.04 of the Official Recompilation of the Constitution of Alabama of 1901, as amended; to eliminate the business privilege, inheritance and estate and income taxes and to authorize the Legislature to enact general laws to implement the amendment.

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Subjects

Constitutional Amendments