Hearing
Senate Finance and Taxation Education Hearing
Finance and Taxation at 11:00:00
SB49 Alabama 2023 Session
Updated Apr 17, 2023
SB49 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 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 taxable retirement income increased
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
Introduced and Referred to Senate Finance and Taxation Education
S
Read First Time in House of Origin
Calendar
Bill Text
Documents
Bill Text (Introduced)
SB49 Alabama 2023 Session - Introduced
Fiscal Note
Fiscal Note - As Introduced
Source: Alabama Legislature