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HB249 Alabama 2024 Session

Updated Jan 14, 2026
HB249 Alabama 2024 Session
House Bill
Expired
Current Status
Regular Session 2024
Session
1
Sponsor

Summary

Session
Regular Session 2024
Title
Income taxes, tax deduction for contributions to an ABLE savings account extended
Description

Under current law, contributions to an Alabama Achieving a Better Life Experience (ABLE) savings account are deductible from taxable income on an Alabama individual income tax return until December 31, 2025 when the deduction is sunset.

This bill would extend the ABLE contributions deduction through December 31, 2030.

Subjects
Taxation & Revenue

Bill Actions

S

Read for the Second Time and placed on the Calendar

S

Reported Out of Committee Second House

S

Pending Senate Finance and Taxation Education

S

Read for the first time and referred to the Senate Committee on Finance and Taxation Education

H

Motion to Read a Third Time and Pass - Adopted Roll Call 559

H

Third Reading in House of Origin

H

Read for the Second Time and placed on the Calendar

H

Reported Out of Committee House of Origin

H

Pending House Ways and Means Education

H

Read for the first time and referred to the House Committee on Ways and Means Education

Calendar

Hearing

Senate Finance and Taxation Education (Senate) Hearing

Finance and Taxation at 10:00:00

Hearing

House Ways and Means Education Hearing

Room 200 at 09:00:00

Bill Text

Votes

Motion to Read a Third Time and Pass - Roll Call 559

April 11, 2024 House Passed
Yes 100
Absent 3

Documents

Source: Alabama Legislature