HB115 Alabama 2023 Session
Crossed Over
Bill Summary
Sponsors
Session
Regular Session 2023
Title
Relating to individual income taxes; to amend Section 40-18-5, Code of Alabama 1975, to phase-in a reduction in the top tax rate from five percent to four and ninety-five hundredths percent.
Description
Under existing law, Alabama levies an individual income tax at rates ranging from two percent on taxable income to a top rate of five percent on taxable income.
This bill would phase in a reduction in the top tax rate from five percent to four and ninety-five hundredths percent.
Relating to individual income taxes; to amend Section 40-18-5, Code of Alabama 1975, to phase-in a reduction in the top tax rate from five percent to four and ninety-five hundredths percent.
Subjects
Taxation and revenue, individual income tax rate reduced
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 6, 2023 | S | Referred to Committee to Senate Finance and Taxation Education |
| April 6, 2023 | H | Read First Time in Second House |
| April 6, 2023 | H | Add Cosponsor |
| April 6, 2023 | H | Read a Third Time and Pass |
| April 6, 2023 | H | Adopt 1GCCZL-1 |
| April 6, 2023 | H | On Third Reading in House of Origin |
| April 5, 2023 | H | Read Second Time in House of Origin |
| April 5, 2023 | H | Reported Out of Committee in House of Origin |
| April 5, 2023 | H | Reported Favorably from House Ways and Means Education |
| March 29, 2023 | H | Amendment/Substitute by House Ways and Means Education SH1675-1 |
| March 21, 2023 | H | Introduced and Referred to House Ways and Means Education |
| March 21, 2023 | H | Read First Time in House of Origin |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB115 Alabama 2023 Session - Introduced |
| Bill Text | HB115 Alabama 2023 Session - Engrossed |
Source: Alabama Legislature