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AL SB66
Bill
Status
2/7/2012
Primary Sponsor
Hank Sanders
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AI Summary
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Proposes a constitutional amendment to repeal Amendment 225 (Section 211.04) of the Alabama Constitution.
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Limits the federal income tax deduction for individual taxpayers based on adjusted gross income thresholds: full deduction for single filers earning $100,000 or less and joint filers earning $200,000 or less, with 1% reduction per $500-$1,000 of income above those thresholds.
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Exempts food (as defined by the federal Supplemental Nutrition Assistance Program) and over-the-counter drugs from state sales tax beginning January 1, 2012.
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Allows local governments to continue collecting sales taxes on food and over-the-counter drugs at existing local rates but prohibits levying separate taxes exclusively on these items.
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Requires election approval by a majority of qualified Alabama voters and includes specific ballot language for the proposed constitutional amendment.
Legislative Description
State income tax, federal deduction limited for individual taxpayers, state sales tax on food removed, Amendment 225 (Section 211.04, Recompiled Constitution of Alabama of 1901, as amended), repealed, const. amend.
Constitutional Amendments
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
2/7/2012