HB411 Summary

• Amends Section 40-18-15, Code of Alabama 1975, to expand the adjusted gross income range for maximum standard deductions on Alabama individual income tax returns.

• For tax years beginning after December 31, 2017, increases the income threshold from $20,000 to $23,000 for married taxpayers filing jointly before standard deduction reductions begin.

• For tax years beginning after December 31, 2017, increases the income threshold from $10,000 to $10,500 for married taxpayers filing separate returns before standard deduction reductions begin.

• For tax years beginning after December 31, 2017, increases the income threshold from $20,000 to $23,000 for head of family and single taxpayers before standard deduction reductions begin.

• Becomes effective immediately upon passage and approval by the Governor.