SB92 Alabama 2013 Session
Bill Summary
Under existing law, the state corporate income tax rate is set at six and one-half percent on the net income of corporations
This bill would propose an amendment to Amendment No. 212, as amended by Amendment No. 662 to the Constitution of Alabama of 1901, and now appearing as Section 211.03 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, to reduce the tax rate on the net income of corporations to five percent beginning with the calendar year 2015
To propose an amendment to Amendment No. 212, as amended by Amendment No. 662, to the Constitution of Alabama of 1901, and now appearing as Section 211.03 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, relating to income taxation of corporations, to reduce the tax rate on the net income of corporations to five percent beginning with the calendar year 2015.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 5, 2013 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB92 Alabama 2013 Session - Introduced |