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AL HB464
Bill
Status
Introduced
5/4/2020
Primary Sponsor
Arnold Mooney
Click for details
AI Summary
- Tax credits and advance refunds received under the federal Coronavirus Aid, Relief, and Economic Security Act are excluded from Alabama individual income taxation.
- For taxable year 2020, these federal tax credits and advance refunds are also excluded from calculations determining a taxpayer's federal income tax deduction under Section 40-18-15.
- The act becomes effective immediately upon passage and approval by the Governor, or upon otherwise becoming law.
Legislative Description
Federal tax credits or advance refunds resulting from the federal Coronavirus Aid, Relief, and Economic Security Act, excluded from Alabama income tax
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
5/4/2020
Committee Referrals
Ways and Means Education5/4/2020
Full Bill Text
No bill text available