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AL HB1
Bill
Status
12/8/2010
Primary Sponsor
Barry Mask
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AI Summary
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Proposes a constitutional amendment to repeal Amendment 225 and limit the state income tax deduction for federal income taxes for individual taxpayers beginning in tax year 2011.
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For taxpayers with adjusted gross income of $50,000 or less (single filers) or $100,000 or less (married filing jointly), all federal income taxes paid may be deducted with no limitations.
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For taxpayers exceeding these thresholds, the federal income tax deduction is reduced by one percent for each $1,500 (single filers) or $3,000 (married filing jointly) of income above the threshold amounts.
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Beginning January 1, 2011, food sales are exempt from state sales tax, with local governments continuing to levy local sales taxes on food; candy and soft drinks are excluded from the exemption.
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The amendment requires voter approval through a statewide election held in accordance with Alabama constitutional procedures and election laws.
Legislative Description
Elections, campaign contributions limited, corporations and political action committees, contributions prohibited for certain period prior to election, candidates contributions limited, PAC to PAC transfers prohibited, threshold for itemizing contributions raised, new reporting date, Political Campaign Contribution Reform Act, Secs. 17-5-3, 17-5-8 am'd.
Elections
Last Action
Read for the first time and referred to the House of Representatives committee on Ethic
12/8/2010