HB4 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Taxation, single rate consumption tax on goods and services established; state income tax and state sales and use tax and other taxes abolished, repeal various sections, Secs. 40-5-48, 40-29-122 added; Secs. 40-2A-4, 40-2A-18 am'd.
Description
<p class="bill_description"> This bill would repeal various state taxes
and levy instead a comprehensive consumption tax</p><p class="bill_entitled_an_act"> To repeal the following provisions of the Code of
Alabama 1975: Chapter 18 of Title 40, Sections 40-27-1.1, and
40-31-1-through 40-31-4, regarding the income tax; Chapter 9F
of Title 40, regarding the tax credits for rehabilitation of
historic structures; Chapter 16 of Title 40, regarding the
financial institutions excise tax; Chapter 14 of Title 40,
regarding the corporation tax; Sections 40-14A-1 through
40-14A-2, 40-14A-21 through 40-14A-29, and 40-14A-41 through
40-14A-43, regarding the business privilege tax; Chapter 23 of
Title 40, regarding the sales and use and contractor’s gross
receipts taxes; Sections 40-15-1 through 40-15-19, regarding
estate and gift tax; Sections 40-15A-1 through 40-15A-14,
regarding the generation-skipping transfer tax; Chapter 22 of
Title 40, regarding recording taxes; Sections 40-12-220
through 40-12-227, regarding the leasing and rental tax;
Chapter 31 of Title 40, regarding the facilitating business
rapid response to declared disasters act; Sections 40-21-80
through 40-21-107, regarding the utilities gross receipts tax
and utility service use tax; Sections 40-21-50 through
40-21-64, regarding the public utility license tax and
hydroelectric tax; Chapter 26 of Title 40, regarding transient
occupancy tax; and Chapter 4A, of Title 27, regarding
insurance premium taxes; Chapter 14 of Title 40, regarding
certified capital company insurance premium tax credits; to
repeal Section 40-2A-17, regarding the Alabama Taxpayer’s Bill
of Rights; Section 40-2-25, regarding audits and examinations;
and to replace them with a broad-based consumption tax; to
also amend Sections 40-2A-4 and 40-2A-18, Code of Alabama
1975, regarding the Taxpayer’s Bill of Rights.
</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 Fiscal Responsibility |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB4 Alabama 2020 Session - Introduced |