SB51 Summary

• Amends Section 40-18-27 of the Code of Alabama 1975 to change individual income tax filing requirements effective for tax years beginning after December 31, 2006.

• Replaces fixed dollar thresholds ($1,875 for single filers and $3,750 for married couples) with a variable threshold based on the sum of each taxpayer's standard deduction and personal exemption for their filing status.

• Applies the new threshold requirement to single filers, heads of family, and married individuals not living with a spouse, as well as married couples filing jointly.

• Maintains existing provisions regarding spousal liability, return filing deadlines (April 15 for calendar year returns), extensions, and penalties for fraudulent filing.

• Becomes effective on the first day of the second month following passage and gubernatorial approval.