Motion to Read a Third Time and Pass Roll Call 541
Yes
29
Absent
6
SB290 Alabama 2022 Session
Updated May 17, 2022
Summary
- Primary Sponsor
Tom ButlerSenatorRepublican- Co-Sponsors
- Greg AlbrittonGerald H. AllenWill BarfootDonnie ChesteenAndrew JonesSteve LivingstonTim MelsonArthur OrrRandy PriceGreg J. ReedDan RobertsClay ScofieldShay ShelnuttJ.T. WaggonerApril WeaverTom Whatley
- 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
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.
- Subjects
- Business Privilege Tax
Bill Actions
H
Pending third reading on day 24 Favorable from Ways and Means General Fund
H
Read for the second time and placed on the calendar
H
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
S
Motion to Read a Third Time and Pass adopted Roll Call 541
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Votes
SBIR: Butler motion to Adopt Roll Call 540
Yes
23
Abstained
1
Absent
11
Documents
Source: Alabama Legislature