HB130 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Taxation, business entities, eliminate the annual Business Privilege Tax over a ten-year period, Article 2, of Chapter 14A of Title 40 repealed on January 1, 2030, Sec. 40-14A-22 am'd.
Description
Under existing law, all entities doing business or registered to do business in Alabama have an annual filing obligation for Business Privilege Tax
This bill would reduce the Business Privilege Tax each year over a ten-year period, beginning in the tax year 2020 until the tax is eliminated after tax year 2029
To amend Section 40-14A-22, Code of Alabama, 1975, to eliminate the annual Business Privilege Tax for all business entities over a ten-year period beginning in the tax year 2020.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 4, 2020 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB130 Alabama 2020 Session - Introduced |