SB386 Alabama 2021 Session
In Committee
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 | Indefinitely Postponed |
| April 15, 2021 | S | Read for the second time and placed on the calendar |
| April 8, 2021 | S | Read for the first time and referred to the Senate committee on Finance and Taxation 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 14, 2021 | Room 825 **PUBLIC HEARING AND VOTE** at 10:00 | Senate F&TE Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB386 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - SB386 for Finance and Taxation Education |