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SB386 Alabama 2021 Session

Updated May 5, 2021
SB386 Alabama 2021 Session
Senate Bill
Expired
Current Status
Regular Session 2021
Session
2
Sponsors

Summary

Co-Sponsor
Arthur Orr
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.

Subjects
Taxation

Bill Actions

S

Indefinitely Postponed

S

Read for the second time and placed on the calendar

S

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

Bill Text

Documents

Source: Alabama Legislature