SB593 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
New Markets Development Program, established, income tax credit for certain qualified active low-income community businesses, Alabama Development Office to implement
Description
<p class="bill_description"> This bill would establish the Alabama New
Markets Development Program. The bill would allow
an income tax credit for certain qualified active
low-income community businesses for a certain
period of time. The bill would provide that the
program would be implemented and administered by
the Alabama Development Office</p><p class="bill_entitled_an_act"> To establish the Alabama New Markets Development
Program, to allow an income tax credit for certain qualified
active low-income community businesses for a certain period of
time, and to provide that the program would be implemented and
administered by the Alabama Development Office.
</p>
Subjects
New Markets Development Program
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 6, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB593 Alabama 2010 Session - Introduced |