HB558 Alabama 2014 Session
Bill Summary
This bill would amend the Alabama Accountability Act of 2013 to remove the current $7,500 annual limitation on contributions made to scholarship granting organizations by individual taxpayers
This bill would allow certain pass-through entities, such as subchapter S corporations and limited liability companies, to make contributions to scholarship granting organizations and to allow the credit earned by the entity to pass through to and be claimed by its owners, and to likewise expand the definition of individual taxpayer to include the individual owners of these pass-through entities
This bill would amend the release date for unaccounted scholarship funds from September 15 to May 15 of each year
This bill would also amend the reporting period for scholarship granting organizations from a calendar year to a school year
To amend Section 16-6D-9, Code of Alabama 1975, as added by Act 2013-64 and amended by Act 2013-265, 2013 Regular Session, relating to the Alabama Accountability Act of 2013; to remove the current $7,500 annual limitation on contributions made by individual taxpayers to scholarship granting organizations; to allow certain pass-through entities to make contributions to scholarship granting organizations, and to allow the credit earned by those entities to pass through to and be claimed by their owners, and to likewise expand the definition of individual taxpayer to include the individual owners of these pass-through entities; to amend the release date for unaccounted scholarship funds from September o May 15 of each school year; to amend the reporting period for scholarship granting organizations from a calendar year to a school year; and to provide a retroactive effective date.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2014 | S | Pending third reading on day 29 Favorable from Fiscal Responsibility and Accountability |
| April 1, 2014 | S | Read for the second time and placed on the calendar |
| March 20, 2014 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability |
| March 19, 2014 | H | Engrossed |
| March 19, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 882 |
| March 19, 2014 | H | Motion to Adopt adopted Roll Call 881 |
| March 19, 2014 | H | Hammon motion to Previous Question adopted Roll Call 880 |
| March 19, 2014 | H | Education Policy Amendment Offered |
| March 19, 2014 | H | Third Reading Passed |
| March 13, 2014 | H | Read for the second time and placed on the calendar 1 amendment |
| March 11, 2014 | H | HB558 rereferred from WME to EP |
| February 27, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |