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Bill > HB217
AL HB217
AL HB217Relating to gross income; to amend Section 40-18-14, Code of Alabama 1975; to exclude hours worked above 40 in any given week from gross income.
summary
Introduced
03/23/2023
03/23/2023
In Committee
05/31/2023
05/31/2023
Crossed Over
05/03/2023
05/03/2023
Passed
06/01/2023
06/01/2023
Dead
Signed/Enacted/Adopted
06/06/2023
06/06/2023
Introduced Session
Potential new amendment
Regular Session 2023
Bill Summary
Relating to gross income; to amend Section 40-18-14, Code of Alabama 1975; to exclude hours worked above 40 in any given week from gross income.
AI Summary
This bill amends Section 40-18-14 of the Code of Alabama 1975 to exclude from gross income the amounts received by full-time hourly wage employees as compensation for work performed in excess of 40 hours in a week. The exemption will be available for tax years beginning after December 31, 2023, and ending before January 1, 2027, and the Department of Revenue is required to adopt rules to ensure that no more than $25 million in aggregate income taxes are exempt from income tax annually pursuant to this provision. The bill also grants the Department of Revenue the authority to adopt rules to provide for the administration of the amended section.
Committee Categories
Budget and Finance
Sponsors (24)
Anthony Daniels (D)*,
Barbara Boyd (D),
Napoleon Bracy (D),
Prince Chestnut (D),
Adline Clarke (D),
Brock Colvin (R),
Barbara Drummond (D),
David Faulkner (R),
Danny Garrett (R),
Ben Harrison (R),
Rolanda Hollis (D),
Sam Jones (D),
Kelvin Lawrence (D),
Nathaniel Ledbetter (R),
Arnold Mooney (R),
Mary Moore (D),
Fred Plump (D),
Rex Reynolds (R),
Jerry Starnes (R),
Troy Stubbs (R),
Curtis Travis (D),
Pebblin Warren (D),
Andy Whitt (R),
Matthew Woods (R),
Last Action
Enacted (on 06/06/2023)
Official Document
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