SB371 Alabama 2010 Session
Summary
- Primary Sponsor
-
Del MarshRepublican - Session
- Regular Session 2010
- Title
- Municipalities, Neighborhood Revitalization Authorities, establishment by homeowners and businesses authorized, to manage and coordinate financing for neighborhood projects, tax credits, Neighborhood Revitalization Act
- Description
This bill would provide for the Neighborhood Revitalization Act of 2010, to authorize the creation of Neighborhood Revitalization Authorities to manage and coordinate financing through member assessments for neighborhood revitalization projects. The bill would allow homeowners and businesses to voluntarily create revitalization authorities for revitalization projects in their respective neighborhoods. The bill would provide for an annual income tax credit over a period of 10 years for contributions made by members of an authority for the process of completing a neighborhood revitalizing project.
- Subjects
- Municipalities
Bill Actions
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature