Hearing
House Ways and Means Education Hearing
Room 200 at 09:00:00
HB117 Alabama 2023 Session
Updated Apr 17, 2023
HB117 Alabama 2023 Session
House Bill
Expired
Current Status
Regular Session 2023
Session
1
Sponsor
Summary
- Primary Sponsor
-
Danny Garrett RepresentativeRepublican - Session
- Regular Session 2023
- Title
- Relating to income taxes; to amend Section 40-18-19, Code of Alabama 1975, as last amended by Act 2022-292, Act 2022-294, and Act 2022-297 of the 2022 Regular Session of the Legislature; to increase the exemption for taxable retirement income for individuals who are 65 years of age or older.
- Description
Currently, up to $6,000 of taxable retirement income is exempt from income tax for individuals who are 65 years of age or older.
This bill would increase the exemption to up to $10,000 of taxable retirement income.
- Subjects
- Taxation and Revenue, income tax exemption for retirement income increased
Bill Actions
S
Referred to Committee to Senate Finance and Taxation Education
H
Read First Time in Second House
H
Read a Third Time and Pass
H
Read Second Time in House of Origin
H
Reported Out of Committee in House of Origin
H
Reported Favorably from House Ways and Means Education
H
Introduced and Referred to House Ways and Means Education
H
Read First Time in House of Origin
Calendar
Bill Text
Votes
Read a Third Time and Pass
Yes
101
Absent
4
Documents
Bill Text (Introduced)
HB117 Alabama 2023 Session - Introduced
Fiscal Note
Fiscal Note - As Introduced
Source: Alabama Legislature