HB4 Alabama 2020 Session

This bill would repeal various state taxes and levy instead a comprehensive consumption tax

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.