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AL SB187
Bill
Status
1/16/2018
Primary Sponsor
Bill Hightower
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AI Summary
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Proposes a constitutional amendment requiring any tax credit, exemption, deduction, or preferential tax rate enacted beginning in the 2019 Regular Session to expire within seven years from the effective date, unless extended by the Legislature.
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Defines "tax expenditure" as any law provision allowing a special exclusion, exemption, or deduction, or providing a special credit or preferential tax rate that creates a loss of revenue for the state.
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Amendment becomes effective upon approval by a majority of qualified electors voting thereon and in accordance with Sections 284, 285, and 287 of the Alabama Constitution.
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Election official must assign a ballot number and provide voters with the amendment description followed by "Yes ( ) No ( )" options on the election ballot.
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Establishes that the election shall be held in accordance with Sections 284 and 285 of the Alabama Constitution and state election laws.
Legislative Description
Tax credits, exemptions, deductions, enacted in 2019 Reg. Sess., or thereafter, expiration within seven years from effective date, const. amend.
Constitutional Amendments
Last Action
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
1/16/2018