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Committee gives favorable report to bill extending ABLE account tax deduction sunset five years
2288992 · February 12, 2025
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Summary
The committee approved HB52 to extend the sunset for the Alabama ABLE individual income tax deduction for contributions to ABLE accounts by five years; the committee recorded a favorable voice report.
The Ways and Means Education Committee gave a favorable report to HB52, a measure to extend the individual income tax deduction for contributions to Alabama Achieving a Better Life (ABLE) accounts for a five‑year period.
Chairma…
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