Individual income taxes, to allow an exclusion from gross income for contributions to Trump Accounts and to make permanent the exclusion for amounts paid by an employer on any qualified education loan.

Summary

The bill amends Alabama’s definition of gross income to exclude amounts an employer contributes to a Trump Account for an employee or dependent, and permanently excludes employer‑paid qualified education loan amounts. It applies to individual taxpayers and takes effect on May 1 2026, ensuring these benefits are not taxed at the state level.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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