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 income‑tax code to exclude from gross income any amount an employer contributes to a Trump Account for an employee or their dependent. It also makes permanent the current temporary exclusion that lets employees exclude employer‑paid qualified education‑loan payments from taxable income. The changes lower taxable income for workers who receive these specific employer benefits.

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