HB80 Alabama 2023 Session
Updated Apr 17, 2023
HB80 Alabama 2023 Session
House Bill
Expired
Current Status
Regular Session 2023
Session
1
Sponsor
Summary
- Primary Sponsor
-
Steve Clouse RepresentativeRepublican - Session
- Regular Session 2023
- Title
- Relating to the Insurance Premium Tax; to amend Section 27-4A-3, Code of Alabama 1975, to provide further for real property investments to qualify for the Alabama Real Property Investment Credit; and to make nonsubstantive, technical revisions to update the existing code language to current style.
- Description
Under existing law, the Alabama Real Property Investment Credit allows insurers a credit against the insurance premium tax based on the value of real property investments in the State of Alabama.
This bill would require real property investments to be occupied or otherwise in commercial use for a majority of the taxable year to qualify for the Alabama Real Property Investment Credit.
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.
- Subjects
- Insurance Premium Tax, Amended Real Property Investment Credit
Bill Actions
H
Introduced and Referred to House Ways and Means General Fund
H
Read First Time in House of Origin
Bill Text
Documents
Source: Alabama Legislature