SR25 Alabama 2021 Session

Summary

Session

Regular Session 2021

Title

Senate, Special Order Calendar

Summary

SR25 sets HB170 and HB192 as the Senate's Special Order Calendar items, giving them priority for five legislative days.

What This Bill Does

The resolution designates two House bills as special order items that take precedence over all other business until disposed of for the fifth legislative day. It does not enact policy on its own but moves these bills to the front of the agenda. The bills themselves involve tax-related CARES Act provisions (HB170) and economic development incentives and port-related tax credits (HB192).

Who It Affects

• Alabama taxpayers and financial institutions who would be affected by HB170's CARES Act-related tax provisions and related tax changes.
• Alabama businesses, high-tech sectors, and entities benefiting from economic development incentives and port facilities tax credits under HB192.

Key Provisions

• HB170 amends Sec. 40-27-1 to implement income tax exemptions for federal CARES Act and subsequent COVID relief funds, exempts certain funds from income and financial institution excise tax, decouples from 26 U.S.C. 951A and 118(b)(2), adjusts the business interest expense limitation, and allows Electing Pass-Through Entity taxation at the entity level.
• HB192 extends the sunset dates for economic development tax credits (job and investment credits) for approved projects, expands incentives for attracting new and expanding businesses including rural areas, provides incentives for high-tech companies under the Growing Alabama Act, authorizes income tax credits for use of the state's port facilities, and adds/amends multiple code sections (Sec. 40-18-376.4 added; Secs. 40-18-370, 375, 376.3, 382, 383, 400, 403 amended).

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions, Legislative