This bill aims to amend the Income Tax Act of 1929, specifically referencing sections 26-51-101 et seq. The primary purpose of the act is to update and modify existing provisions within the Income Tax Act to reflect current legislative needs and standards.

The new legal language inserted into the current law clarifies the intent of the act, emphasizing the focus on amending the Income Tax Act of 1929. There are no deletions noted in the text provided.