HB400 Alabama 2016 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Financial institution excise tax, tax credits, use only to offset state portion of tax and not county or municipal tax
Description
Under existing law, counties and municipalities receive a distribution from the financial institution excise tax imposed upon certain financial institutions
This bill would ensure that any tax credits that may be allowed to offset the excise tax liability of a financial institution would be used to offset only the state portion of the liability and would apply to tax credits enacted prior to, on, and after the effective date of this act
Relating to the financial institution excise tax; to ensure that tax credits allowed to be used to offset liability for the tax may only be used to offset the state portion of the liability.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 4, 2016 | H | Delivered to Governor at 11:00 a.m. on May 4, 2016. |
| May 4, 2016 | H | Assigned Act No. 2016-280. |
| May 4, 2016 | H | Clerk of the House Certification |
| May 4, 2016 | S | Signature Requested |
| May 3, 2016 | H | Enrolled |
| May 3, 2016 | H | Passed Second House |
| May 3, 2016 | S | Motion to Read a Third Time and Pass adopted Roll Call 956 |
| May 3, 2016 | S | Third Reading Passed |
| April 20, 2016 | S | Read for the second time and placed on the calendar |
| April 13, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| April 7, 2016 | H | Engrossed |
| April 7, 2016 | H | Motion to Read a Third Time and Pass adopted Roll Call 521 |
| April 7, 2016 | H | Motion to Adopt adopted Roll Call 520 |
| April 7, 2016 | H | County and Municipal Government Amendment Offered |
| April 7, 2016 | H | Third Reading Passed |
| March 23, 2016 | H | Read for the second time and placed on the calendar 1 amendment |
| March 15, 2016 | H | Read for the first time and referred to the House of Representatives committee on County and Municipal Government |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 20, 2016 | Room 727 **Public Hearing & Vote** at 00:00 | Senate F&TE Hearing |
| Hearing | March 23, 2016 | Room 123 at 00:00 | House C&MG Hearing |
| Hearing | March 23, 2016 | Room 123 at 00:00 | House C&MG Public Hearing |
| Hearing | March 23, 2016 | Room 123 at 13:30 | House C&MG Hearing |