SB290 Alabama 2022 Session
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Bill Summary
Sponsors
Session
Regular Session 2022
Title
Business privilege tax, minimum business privilege tax for taxable years beginning after December 31, 2022, reduced a full exemption on amounts due of $100 or less for taxable years beginning after December 31, 2023, Section 40-14A-22 am'd.
Description
<p class="bill_description"> Under existing law, the minimum business
privilege tax due for certain corporations,
business trusts, limited liability entities, and
disregarded entities is not less than $100</p><p class="bill_description">
This bill reduces the minimum business
privilege tax of $100 to $50 for the taxable year
beginning after December 31, 2022</p><p class="bill_description">
This bill also provides for a full exemption
from the minimum business privilege tax due for
taxable years beginning after December 31, 2023</p><p class="bill_entitled_an_act"> Relating to the levy and amount of business
privilege tax; to amend Section 40-14A-22, Code of Alabama
1975, to provide for a reduced minimum business privilege tax
of $50 for taxable years beginning after December 31, 2022; to
provide a full exemption from the business privilege tax on
amounts due of $100 or less for taxable years beginning after
December 31, 2023.
</p>
Subjects
Business Privilege Tax
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 17, 2022 | H | Pending third reading on day 24 Favorable from Ways and Means General Fund |
| March 17, 2022 | H | Read for the second time and placed on the calendar |
| March 10, 2022 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| March 10, 2022 | S | Motion to Read a Third Time and Pass adopted Roll Call 541 |
| March 10, 2022 | S | Third Reading Passed |
| March 9, 2022 | S | Read for the second time and placed on the calendar |
| March 2, 2022 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 16, 2022 | Room 617 **REVISED at 13:30 | House W&MGF Hearing |
| Hearing | March 9, 2022 | Room 825 **Bill Removed** at 10:00 | Senate F&TE Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB290 Alabama 2022 Session - Introduced |
| Fiscal Note | Fiscal Note - SB290 for Finance and Taxation Education |
| Fiscal Note | Fiscal Note - SB290 for Ways and Means General Fund |