HB588 Alabama 2021 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Income taxation, credit to owner, member, partner, shareholder of pass-through entity
Description
This bill entitles an owner, member, partner, or shareholder to a credit in an amount equal to its pro rata or distributive share of the Alabama income tax paid by the electing pass-through entity with respect to the corresponding tax year
Relating to income taxation; to provide a credit to an owner, member, partner, or shareholder of an electing pass-through entity in an amount equal to its pro rata or distributive share.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 4, 2021 | S | Finance and Taxation Education first Amendment Offered |
| May 4, 2021 | H | Delivered to Governor at 2:25 p.m. on May 4, 2021. |
| May 4, 2021 | H | Assigned Act No. 2021-423. |
| May 4, 2021 | H | Clerk of the House Certification |
| May 4, 2021 | S | Signature Requested |
| May 4, 2021 | S | Concurred in Second House Amendment |
| April 29, 2021 | H | Enrolled |
| April 29, 2021 | H | Garrett motion to Concur In and Adopt adopted Roll Call 1108 |
| April 29, 2021 | H | Concurrence Requested |
| April 29, 2021 | S | Motion to Read a Third Time and Pass adopted Roll Call 1255 |
| April 29, 2021 | S | Roberts motion to Adopt adopted Roll Call 1254 |
| April 29, 2021 | S | Finance and Taxation Education zeroeth Substitute Offered |
| April 29, 2021 | S | Singleton motion to Adopt adopted Roll Call 1253 |
| April 29, 2021 | S | Finance and Taxation Education Amendment Offered |
| April 29, 2021 | S | Third Reading Passed |
| April 15, 2021 | S | Read for the second time and placed on the calendar with 1 substitute and 1 amendment |
| April 13, 2021 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| April 13, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 785 |
| April 13, 2021 | H | Third Reading Passed |
| April 7, 2021 | H | Read for the second time and placed on the calendar |
| April 1, 2021 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 14, 2021 | Room 825 **PUBLIC HEARING REMOVED** at 10:00 | Senate F&TE Hearing |
| Hearing | April 14, 2021 | Room 825 **PUBLIC HEARING AND VOTE** *BILL ADDED* at 10:00 | Senate F&TE Hearing |
| Hearing | April 7, 2021 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB588 Alabama 2021 Session - Enrolled |
| Bill Text | HB588 Alabama 2021 Session - Introduced |
| Bill Amendments | Senate Finance and Taxation Education first Substitute Offered |
| Bill Amendments | Senate Finance and Taxation Education first Amendment Offered |
| Fiscal Note | Fiscal Note - HB588 for Ways and Means Education |
| Fiscal Note | Fiscal Note - HB588 for Finance and Taxation Education |
| Fiscal Note | Fiscal Note - HB588 for Finance and Taxation Education |