Hearing
Senate Finance and Taxation Education Hearing
Finance and Taxation at 11:00:00
SB48 Alabama 2023 Session
Updated Apr 17, 2023
SB48 Alabama 2023 Session
Senate Bill
Expired
Current Status
Regular Session 2023
Session
1
Sponsor
Summary
- Primary Sponsor
-
Arthur Orr SenatorRepublican - 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.
- Subjects
- Taxation and revenue, individual income tax rate reduced
Bill Actions
S
Indefinitely Postpone
S
Read Second Time in House of Origin
S
Reported Out of Committee in House of Origin
S
Reported Favorably from Senate Finance and Taxation Education
S
Amendment/Substitute by Senate Finance and Taxation Education U8YLXD-1
S
Introduced and Referred to Senate Finance and Taxation Education
S
Read First Time in House of Origin
Calendar
Bill Text
Documents
Bill Text (Introduced)
SB48 Alabama 2023 Session - Introduced
Amendment
Senate Reported Favorably
Fiscal Note
Fiscal Note - As Introduced
Fiscal Note
Fiscal Note - As Passed First Chamber Committee
Source: Alabama Legislature