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AL HB643
Bill
Status
5/28/2019
Primary Sponsor
Merika Coleman-Evans
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AI Summary
HB643 Summary
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Removes the deduction for Federal Insurance Contribution Act (FICA) taxes withheld from wages in calculating Alabama income tax liability.
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Modifies the distribution of use tax proceeds by redirecting 47% of remaining use tax amounts from the Education Trust Fund to the General Fund for mental health and health care purposes, with 53% going to the General Fund.
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Changes apply to tax years beginning January 1, 2020 and thereafter.
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Amends Sections 40-18-15 and 40-23-85 of the Code of Alabama 1975 relating to income and use tax calculations and fund distributions.
Legislative Description
Income tax, deductions for federal FICA taxes, tax on wages removed, self-employment taxes reduced, Sec. 40-18-15 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Fiscal Responsibility
5/28/2019