SB231 Alabama 2021 Session

Updated May 27, 2021

SB231 Alabama 2021 Session

Senate Bill

Enacted

Current Status

Regular Session 2021

Session

1

Sponsor

Summary

Primary Sponsor: Will Barfoot Senator
Republican
Session: Regular Session 2021
Title: Taxation, individual income tax, income tax deduction up to five thousand dollars per annum for contributions made to Alabama Achieving a Better Life Experience (ABLE) savings account, Sec. 40-18-15.8 added
Description: Under current law, contributions to an Alabama Achieving a Better Life Experience (ABLE) savings account are not deductible from taxable income on an Alabama individual income tax return.
This bill provides a deduction for contributions made to an Alabama ABLE savings account from taxable income in an amount of up to five thousand dollars per annum.
Subjects: Taxation

Bill Actions

Assigned Act No. 2021-514.

Signature Requested

Enrolled

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 1193

Third Reading Passed

Read for the second time and placed on the calendar

Read for the first time and referred to the House of Representatives committee on Ways and Means Education

Engrossed

Motion to Read a Third Time and Pass adopted Roll Call 1033

Barfoot motion to Adopt adopted Roll Call 1032

Finance and Taxation Education Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar 1 amendment

Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download Enrolled PDF

Votes

Yes 28

Absent 6

Yes 28

Absent 6

Yes 29

Absent 5

Yes 100

Absent 3

Yes 102

Absent 1

Documents

Bill Text (Enrolled) SB231 Alabama 2021 Session - Enrolled

Bill Text (Engrossed) SB231 Alabama 2021 Session - Engrossed

Bill Text (Introduced) SB231 Alabama 2021 Session - Introduced

Source: Alabama Legislature