Alabama HB250: 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.

What the bill says

An Act, Relating to income taxes; to amend Section 40-18-14, Code of Alabama 1975, to exclude from gross income of an individual taxpayer amounts paid by an employer as a contribution to a Trump Account; and to make the exclusion for amounts paid by an employer on any qualified education loan permanent for individual taxpayers.

From the enrolled text:

An Act, Relating to income taxes; to amend Section 40-18-14, Code of Alabama 1975, to exclude from gross income of an individual taxpayer amounts paid by an employer as a contribution to a Trump Account; and to make the exclusion for amounts paid by an employer on any qualified education loan permanent for individual taxpayers. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Section 40-18-14, Code of Alabama 1975, is hereby amended as follows: "§40-18-14 (a) The term "gross income" as used herein: (1) Includes gains, profits and income derived from salaries, wages, or compensation for personal services of whatever kind, or in whatever form paid, including the salaries, income, fees, and other compensation of state, county, and municipal officers and employees, or from professions, vocations, trades, business, commerce or sales, or dealings in property whether real or personal, growing out of ownership or use of or interest in such property; also from interest, royalties, rents, dividends, securities, or transactions of any business carried on for gain or profit and the income derived from any source whatever, including any income not exempted under this chapter and against which income there is no provision for a tax. The term "gross income" as used herein also includes alimony and separate maintenance payments to the extent they are includable in Page …

Read the full official text

Sponsors

• Garrett, Danny (R, HD-044) · primary sponsor

Latest actions

1. April 17, 2026: Enacted
2. April 8, 2026: Delivered to Governor
3. April 8, 2026: Signature Requested
4. April 7, 2026: Enrolled
5. April 7, 2026: Ready to Enroll
6. April 7, 2026: Motion to Read a Third Time and Pass - Adopted Roll Call 1219
7. April 7, 2026: Third Reading in Second House
8. February 25, 2026: Read for the Second Time and placed on the Calendar
9. February 25, 2026: Reported Out of Committee Second House
10. February 12, 2026: Pending Committee Action in Second House

Votes

• Senate Roll Call #1219 (April 7, 2026): 26 yea, 6 nay, passed
• Senate Roll Call #1218 (April 7, 2026): 34 yea, 0 nay, passed
• House Roll Call #395 (February 12, 2026): 85 yea, 0 nay, passed
• House Roll Call #394 (February 12, 2026): 98 yea, 0 nay, passed

Common questions

What is HB250?

HB250 is a bill in the Alabama Legislature (2026 Regular Session): 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.

What does HB250 do?

In its own words: An Act, Relating to income taxes; to amend Section 40-18-14, Code of Alabama 1975, to exclude from gross income of an individual taxpayer amounts paid by an employer as a contribution to a Trump Account; and to make the exclusion for amounts paid by an employer on any qualified education loan permanent for individual taxpayers.

What is the status of HB250?

Signed into law as of April 17, 2026. Latest action: Enacted (April 17, 2026).

Who sponsored HB250?

Garrett, Danny (R, HD-044).

Where is the official record for HB250?

On the Alabama Legislature website: https://alison.legislature.state.al.us/instrument/2026RS/HB250