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HB162 Alabama 2022 Session

Updated May 17, 2022
HB162 Alabama 2022 Session
House Bill
Enacted
Current Status
Regular Session 2022
Session
1
Sponsor

Summary

Primary Sponsor
Lynn Greer
Republican
Session
Regular Session 2022
Title
Income tax, exemption of up to $6,000 of taxable retirement income for individuals 65 years of age or older, Sec. 40-18-19 am'd.
Description

Currently, distributions from defined contribution deferred compensation plans are taxable as income.

This bill would provide that 80 percent of those distributions, up to $30,000, is exempt from income tax for individuals who are 65 years of age or older. This exemption will be phased in over a 4-year period.

Subjects
Taxation

Bill Actions

H

Delivered to Governor at 9:46 a.m. on April 7, 2022.

H

Assigned Act No. 2022-294.

H

Clerk of the House Certification

S

Signature Requested

H

Enrolled

S

Concurred in Second House Amendment

H

Greer motion to Concur In and Adopt adopted Roll Call 952

H

Concurrence Requested

S

Motion to Read a Third Time and Pass adopted Roll Call 968

S

Motion to Adopt adopted Roll Call 967

S

Finance and Taxation Education Amendment Offered

S

Third Reading Passed

S

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

S

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

H

Engrossed

H

Motion to Read a Third Time and Pass adopted Roll Call 510

H

Motion to Adopt adopted Roll Call 509

H

Ways and Means Education first Substitute Offered

H

Third Reading Passed

H

Read for the second time and placed on the calendar with 1 substitute and

H

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

Bill Text

Download Enrolled PDF

Votes

HBIR: Greer motion to Adopt Roll Call 508

March 9, 2022 House Passed
Yes 101
Absent 2

Motion to Read a Third Time and Pass Roll Call 510

March 9, 2022 House Passed
Yes 100
Absent 3

SBIR: Orr motion to Adopt Roll Call 966

April 5, 2022 Senate Passed
Yes 26
No 3
Absent 6

Motion to Read a Third Time and Pass Roll Call 968

April 5, 2022 Senate Passed
Yes 28
Absent 7

Motion to Adopt Roll Call 967

April 5, 2022 Senate Passed
Yes 26
No 2
Absent 7

Greer motion to Concur In and Adopt Roll Call 952

April 6, 2022 House Passed
Yes 101
Absent 1

Documents

Bill Text (Enrolled) HB162 Alabama 2022 Session - Enrolled
Bill Text (Engrossed) HB162 Alabama 2022 Session - Engrossed
Bill Text (Introduced) HB162 Alabama 2022 Session - Introduced

Source: Alabama Legislature