SB 19 - Establishes New Tax Deductions and Exemptions - Alabama Key Vote

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Title: Establishes New Tax Deductions and Exemptions

Signed by Governor Kay Ivey


Title: Establishes New Tax Deductions and Exemptions

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Title: Establishes New Tax Deductions and Exemptions

Vote Smart's Synopsis:

Vote to pass a bill that establishes new tax deductions and exemptions

Highlights:

 

  • Increases the optional standard deduction by (Sec. 1):

    • $1,000 for taxpayers married filing jointly; and

    • $500 for taxpayers filing separate, single, and head of family.

  • Expands income range qualifying for the maximum optional standard deduction (Sec. 1).

  • Expands income range qualifying for maximum dependent exemptions to $50,000 or below (Sec. 2).

Title: Establishes New Tax Deductions and Exemptions

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