SB257 Alabama 2017 Session
Bill Summary
Under existing law, an agricultural trade or business is allowed an income tax credit of 20 percent of the cost not to exceed $10,000 of tax liability for the purchase and installation of irrigation equipment and for the conversion of irrigation equipment from fuel to electricity or for qualified reservoirs
This bill would increase the amount of the income tax credit by authorizing an alternative income tax credit of 10 percent of the cost not to exceed $50,000 of tax liability. The bill would provide that the income tax credit authorized by this act would expire and be repealed effective December 31, 2022
Relating to agriculture; to amend Section 40-18-342 of the Code of Alabama 1975, relating to the income tax credit on irrigation equipment, fuel conversions, and reservoirs; to authorize an agricultural trade or business to be eligible for an increased cap on the amount of a credit based on a lower percent of the costs of a project; and to provide for the sunset of this income tax credit under certain conditions.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 19, 2017 | H | Assigned Act No. 2017-352. |
| May 19, 2017 | S | Enrolled |
| May 19, 2017 | H | Concurred in Second House Amendment |
| May 19, 2017 | H | Signature Requested |
| May 19, 2017 | S | Orr motion to Concur In and Adopt adopted Roll Call 1287 |
| May 19, 2017 | S | Concurrence Requested |
| May 18, 2017 | H | Motion to Read a Third Time and Pass adopted Roll Call 988 |
| May 18, 2017 | H | Motion to Adopt adopted Roll Call 987 |
| May 18, 2017 | H | Lee Amendment Offered |
| May 18, 2017 | H | RECESS |
| May 18, 2017 | H | Mooney intended to vote Yea |
| May 18, 2017 | H | Lee motion to Table adopted Roll Call 986 |
| May 18, 2017 | H | Agriculture and Forestry Amendment Offered |
| May 18, 2017 | H | Third Reading Passed |
| April 20, 2017 | H | Read for the second time and placed on the calendar 1 amendment |
| April 11, 2017 | H | Read for the first time and referred to the House of Representatives committee on Agriculture and Forestry |
| April 11, 2017 | S | Engrossed |
| April 6, 2017 | S | Motion to Read a Third Time and Pass adopted Roll Call 495 |
| April 6, 2017 | S | Motion to Adopt adopted Roll Call 494 |
| April 6, 2017 | S | Agriculture, Conservation, and Forestry first Substitute Offered |
| April 6, 2017 | S | Third Reading Passed |
| March 9, 2017 | S | Read for the second time and placed on the calendar with 1 substitute and |
| February 28, 2017 | S | Read for the first time and referred to the Senate committee on Agriculture, Conservation, and Forestry |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 19, 2017 | Room 410 at 15:00 | House A&F Hearing |
| Hearing | March 8, 2017 | RM316 change time of meeting at 14:45 | Senate AC&F Hearing |
| Hearing | March 8, 2017 | RM316 at 14:30 | Senate AC&F Public Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB257 Alabama 2017 Session - Enrolled |
| Bill Text | SB257 Alabama 2017 Session - Engrossed |
| Bill Text | SB257 Alabama 2017 Session - Introduced |
| Bill Amendments | Senate Agriculture, Conservation, and Forestry first Substitute Offered |
| Bill Amendments | House Agriculture and Forestry Amendment Offered |
| Bill Amendments | House Lee Amendment Offered |