SB48 Alabama 2023 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2023
Title
Taxation and revenue, individual income tax rate reduced
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 7, 2023 | S | Introduced and Referred |
| March 7, 2023 | S | Read First Time in House of Origin |
| January 1, 0001 | S | Prefiled |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB48 Alabama 2023 Session - Introduced |