SB497 Alabama 2015 Session
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Bill Summary
Sponsors
Session
Regular Session 2015
Title
Taxation, factor presence nexus standard based on business activity established for purpose of being subject to income taxation in the state, in state residence or domicile for individuals, businesses organized in state are subject to tax, nonresident individuals and businesses organized out of state that do business in the state are subject to state tax on income, Sec. 40-18-31.2 added
Description
This bill would establish a factor presence nexus standard for business activity for purposes of income tax
To add a new Section 40-18-31.2 to the Code of Alabama of 1975, to establish a factor presence nexus standard for business activity for purposes of income tax.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 3, 2015 | H | Ways and Means Education first Amendment Offered |
| June 3, 2015 | H | Pending third reading on day 29 Favorable from Ways and Means Education with 1 amendment |
| June 3, 2015 | H | Read for the second time and placed on the calendar 1 amendment |
| May 28, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| May 28, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 1264 |
| May 28, 2015 | S | Third Reading Passed |
| May 26, 2015 | S | Read for the second time and placed on the calendar |
| May 21, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | June 3, 2015 | Room 617 at 09:00 | House W&ME Hearing |
| Hearing | May 26, 2015 | Room 727 *Revised* at 13:00 | Senate F&TG Hearing |
| Hearing | May 26, 2015 | Room 727 at 13:00 | Senate F&TG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB497 Alabama 2015 Session - Introduced |