SB47 Alabama 2023 Session
Bill Summary
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 eliminate the two percent tax rate on the first five hundred dollars ($500) of taxable income for single persons, heads of families, and married persons filing separate returns and would also eliminate the two percent tax rate on the first one thousand dollars ($1,000) of taxable income for married persons filing a joint return.
Relating to individual income taxes; to amend Section 40-18-5, Code of Alabama 1975, to eliminate the two percent tax rate on the first five hundred dollars ($500) of taxable income for single persons, heads of families, and married persons filing separate returns and would also eliminate the two percent tax rate on the first one thousand dollars ($1,000) of taxable income for married persons filing a joint return. SB47 INTRODUCED.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 22, 2023 | S | Read Second Time in House of Origin |
| March 22, 2023 | S | Reported Out of Committee in House of Origin |
| March 22, 2023 | S | Reported Favorably from Senate Finance and Taxation Education |
| March 21, 2023 | S | Amendment/Substitute by Senate Finance and Taxation Education NNZDTJ-1 |
| March 7, 2023 | S | Introduced and Referred to Senate Finance and Taxation Education |
| March 7, 2023 | S | Read First Time in House of Origin |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB47 Alabama 2023 Session - Introduced |
Source: Alabama Legislature