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 treat employer‑paid contributions to a Trump Account and payments on qualified education loans as non‑taxable for individual taxpayers, making the education‑loan exclusion permanent. It applies to employees (and their dependents) who receive these employer contributions, reducing their state taxable income. The measure was reported out of committee but ultimately failed.

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