Alabama HB250 excludes employer contributions to Trump Accounts and makes permanent the exclusion for employer-paid qualified education loans from.

Alabama HB250 amends the state's income tax code to exclude from gross income employer contributions to Trump Accounts and to make permanent the exclusion for employer-paid qualified education loans. This bill modifies the definition of "gross income" to exclude certain contributions and payments, aligning with federal tax provisions. The changes apply to tax years beginning on or after January 1, 2026, for employer contributions to Trump Accounts and for employer-paid qualified education loans.

Alabama HB250 excludes employer contributions to Trump Accounts and makes permanent the exclusion for employer-paid qualified education loans from.

Alabama HB250 amends the state's income tax code to exclude from gross income employer contributions to Trump Accounts and to make permanent the exclusion for employer-paid qualified education loans. This bill modifies the definition of "gross income" to exclude certain contributions and payments, aligning with federal tax provisions. The changes apply to tax years beginning on or after January 1, 2026, for employer contributions to Trump Accounts and for employer-paid qualified education loans.