AL HB3

Proposes constitutional amendment known as the Alabama Economic Freedom Act of 2019 to repeal constitutional provisions authorizing business privilege, inheritance and estate, and income taxes effective January 1, 2020.

Eliminates Section 229 (business privilege taxes), Amendment 23 (inheritance and estate taxes), Amendment 25 (income taxes), Amendment 212 (corporate income tax), and Amendment 225 (federal income tax deductions).

Directs the Legislature to enact general laws establishing a single rate consumption tax based on consumption expenditures contributing to Alabama's Gross Domestic Product (GDP) to replace all revenues from repealed taxes.

Requires repeal of current state sales and use taxes, rental and lease taxes, lodgings tax, utility gross receipts tax, corporate and individual income taxes, mortgage and deed taxes, financial institutions excise tax, business privilege tax, and insurance premium tax.

Amendment election to be held at next statewide primary or general election with ballot description submitted to voters for Yes/No vote.