Senate Finance and Taxation Education Hearing
Finance and Taxation at 10:00:00
Under current law, the state levies an income tax upon all residents of the state and upon all nonresidents who receive income from Alabama sources.
Taxpayers are allowed an optional standard deduction, as well as dependent exemptions in computing income subject to the tax.
This bill would increase the optional standard deduction and expand the adjusted gross income range allowable for the maximum optional standard deduction and the dependent exemption to increase the threshold at which the state imposes individual income taxes.
Read for the Second Time and placed on the Calendar
Reported Out of Committee Second House
Pending Senate Finance and Taxation Education
Read for the first time and referred to the Senate Committee on Finance and Taxation Education
Motion to Add Cosponsor - Adopted Roll Call 421
Motion to Read a Third Time and Pass - Adopted Roll Call 420
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending House Ways and Means Education
Read for the first time and referred to the House Committee on Ways and Means Education
Finance and Taxation at 10:00:00
Room 200 at 15:30:00
Source: Alabama Legislature