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FISCAL NOTE
House Bill 217
Committee: Finance and Taxation EducationSponsor: Representative Anthony Daniels
Analyst: Riley Aaron Date: 05/31/2023
House Bill 217 as reported by the Committee on Finance and Taxation Education would exempt
the first $2,000 received by an individual for hours worked in excess of 40 in a given week from
the calculation of gross income for tax years 2024 through 2026. This would decrease income
tax receipts to the Education Trust Fund by an estimated minimum of $16.2 million for fiscal
year 2024 and an estimated minimum of $21.6 million for fiscal years 2025 and 2026.
Pursuant to the provisions of the ETF Rolling Reserve Act contained in Section 29-9-3(b)(3),
Code of Alabama 1975, the provisions of this bill would reduce the ETF fiscal year
appropriation cap for fiscal year 2024 by $16.2 million.