SB49 Alabama 2023 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2023
Title
Taxation and Revenue, income tax, exemption for taxable retirement income increased
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
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.
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 | SB49 Alabama 2023 Session - Introduced |