SB290 Alabama 2022 Session
Bill Summary
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
This bill reduces the minimum business privilege tax of $100 to $50 for the taxable year beginning after December 31, 2022
This bill also provides for a full exemption from the minimum business privilege tax due for taxable years beginning after December 31, 2023
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.
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 |