AL HB346

Establishes a simplified short form for Alabama individual income tax filing with an optional increased standard deduction for qualifying single filers and married couples filing jointly.

Limits eligibility to Alabama residents with gross income under $100,000, zero non-wage income, no dependents, and no itemized deductions, adjustments to income, or tax credits.

Provides standard deductions of $2,250 for single filers and $4,500 for married filing jointly (whichever is greater than the standard deduction under existing law).

Requires taxpayers claiming the optional increased standard deduction to voluntarily forego federal income tax deductions, credits, and exemptions, with only personal exemptions and the increased standard deduction allowed.

Effective for tax years beginning after December 31, 2017.