SBIR: Orr motion to Adopt Roll Call 302
Yes
28
Absent
7
SB18 Alabama 2022 Session
Updated Apr 15, 2022
SB18 Alabama 2022 Session
Senate Bill
Expired
Current Status
Regular Session 2022
Session
15
Sponsors
Summary
- Primary Sponsor
-
Arthur Orr SenatorRepublican - Co-Sponsors
- Gerald H. AllenWill BarfootTom ButlerClyde ChamblissChris ElliottSam GivhanAndrew JonesSteve LivingstonTim MelsonGreg J. ReedClay ScofieldJ.T. WaggonerTom WhatleyJack W. Williams
- Session
- Regular Session 2022
- Title
- Relating to income taxes, to provide that up to $6,000 of taxable retirement income is exempt from state income tax 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 up to $10,000 of those distributions is exempt from income tax for individuals who are 65 years of age or older.
This exemption will be phased in over a two-year period.
- Subjects
- Taxation
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
S
Engrossed
S
Motion to Read a Third Time and Pass adopted Roll Call 304
S
Orr motion to Adopt adopted Roll Call 303
S
Orr first Substitute Offered
S
Orr motion to Table adopted Voice Vote
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
Bill Text
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Votes
Motion to Read a Third Time and Pass Roll Call 304
Yes
28
Absent
7
Orr motion to Adopt Roll Call 303
Yes
28
Absent
7
Documents
Bill Text (Engrossed)
SB18 Alabama 2022 Session - Engrossed
Bill Text (Introduced)
SB18 Alabama 2022 Session - Introduced
Source: Alabama Legislature