HB478 Alabama 2011 Session
Summary
- Primary Sponsor
Mark TuggleRepublican- Co-Sponsors
- April WeaverPaul W. LeeLynn GreerWilliam RobertsTerri CollinsKerry RichK.L. BrownRod ScottBarry MooreEd HenryWes LongBill PooleMike JonesKen JohnsonJohn MerrillDonnie ChesteenMac ButtramBecky NordgrenRichard BaughnAlan BootheRichard J. LairdHarry ShiverJoe HubbardMike BallJay LoveGregory CanfieldRandy DavisLesley VanceAlan HarperJoe FaustChad FincherAlan BakerBlaine GalliherGreg WrenMicky HammonPhil WilliamsDuwayne BridgesBarry MaskSteve ClouseJamie IsonMike Millican
- Session
- Regular Session 2011
- Title
- Economic development, tax incentives authorized to certain companies and educational institutions for locating new or expanding business in state, or a retention project, capital investment and job requirements, Alabama Development Office and Revenue Department to recommend to Governor, Industrial Development Authority to approve project for incentive (2011-20902)
- Description
This bill would allow Alabama companies which undertake certain qualifying projects on incentives in the form of a retention of a percentage of state income taxes withheld from eligible employees.
This bill would provide that the State Industrial Development Authority would make the final decision as to whether the project qualifies for the incentive.
This bill would provide that the Director of the Alabama Development Office and the Department of Revenue would review applications for the incentive and make a recommendation to the Governor as to whether the State Industrial Development Authority should approve the project for the incentive.
- Subjects
- Economic Development
Bill Actions
Pending third reading on day 26 Favorable from Fiscal Responsibility and Accountability
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability
Engrossed
Cosponsors Added
Motion to Read a Third Time and Pass adopted Roll Call 642
Motion to Adopt adopted Roll Call 641
Mask first Substitute Offered
Economic Development and Tourism first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
Bill Text
Votes
Motion to Read a Third Time and Pass
Motion to Adopt
Cosponsors Added
Documents
Source: Alabama Legislature