AL SJR87

Establishes a Joint Legislative Task Force to study the fiscal impact of the federal Tax Cuts and Jobs Act on Alabama corporate income tax.

Task force composition includes three House members appointed by the Speaker (including one minority caucus member) and three Senate members appointed by the President Pro Tempore (including one minority caucus member).

Task force shall evaluate and analyze effects of the Tax Cuts and Jobs Act on Alabama corporate income taxes, including research, compilation of information, and fiscal analyses of deductions and adjustments to federal taxable income.

First meeting must be held by September 30, 2019; task force shall meet monthly and report findings, conclusions, and recommendations to the Legislature by the fifth legislative day of the 2020 Regular Session, then dissolve.

Task force members receive regular legislative compensation, per diem, and travel expenses in accordance with Amendment 871 of the Alabama Constitution, paid from appropriated legislative funds.