Alabama SB79 excludes employer contributions to Trump Accounts from gross income and makes permanent the exclusion for employer-paid qualified.

Alabama SB79 amends the state's income tax code to exclude from gross income employer contributions to Trump Accounts, aligning with federal tax law. Additionally, it makes permanent the exclusion for employer-paid qualified education loans, ensuring this benefit remains available indefinitely. These changes apply to tax years beginning on or after January 1, 2026.

Alabama SB79 excludes employer contributions to Trump Accounts from gross income and makes permanent the exclusion for employer-paid qualified.

Alabama SB79 amends the state's income tax code to exclude from gross income employer contributions to Trump Accounts, aligning with federal tax law. Additionally, it makes permanent the exclusion for employer-paid qualified education loans, ensuring this benefit remains available indefinitely. These changes apply to tax years beginning on or after January 1, 2026.