HB457 Alabama 2019 Session
Bill Summary
This bill would allow a tax credit against the state income tax of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures, which includes the maintenance, reconstruction, or replacement of railroad infrastructure within the state that is owned or leased by the eligible taxpayer
This bill would allow an eligible taxpayer who receives the tax credit to transfer the tax credit under certain conditions and would sunset the tax credit in five years
Relating to tax credits; to create The Railroad Modernization Act of 2019; to authorize a tax credit against the state income tax of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures; and to authorize the transfer of the credit.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 2, 2019 | H | Pending third reading on day 16 Favorable from Ways and Means Education with 1 substitute and 1 amendment |
| May 2, 2019 | H | Ways and Means Education first Amendment Offered |
| May 2, 2019 | H | Ways and Means Education first Substitute Offered |
| May 2, 2019 | H | Read for the second time and placed on the calendar with 1 substitute and 1 amendment |
| April 16, 2019 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 1, 2019 | Room 200 at 09:00 | House W&ME Hearing |
| Hearing | April 24, 2019 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB457 Alabama 2019 Session - Introduced |
| Bill Amendments | House Ways and Means Education first Substitute Offered |
| Bill Amendments | House Ways and Means Education first Amendment Offered |