SB150 Alabama 2011 Session

Sponsors

Session

Regular Session 2011

Title

Income tax, credit to certain manufacturing or telecommunication facilities for construction, upgrading, or expansion of existing facilities and equipment, and retraining of employees

Description

<p class="bill_description"> Existing law does not provide qualified credits from Alabama sales and use taxes for upgrading or expanding existing manufacturing facilities and equipment related to the manufacturing or telecommunication industry</p><p class="bill_description"> This bill would allow a taxpayer who has operated an existing manufacturing or telecommunications facility or a manufacturing or telecommunications support facility in the state for the previous three years to obtain a credit against income tax liability</p><p class="bill_description"> This bill would provide in certain instances a tax credit to an employer who provides or sponsors an approved retraining program</p><p class="bill_description"> This bill would require the Department of Industrial Relations to promulgate rules in support of this act</p><p class="bill_entitled_an_act"> To allow a taxpayer who has operated an existing manufacturing or telecommunications facility or a manufacturing or telecommunications support facility in the state for the previous three years to obtain a credit against income tax liability; to provide that in certain instances a tax credit to an employer who provides or sponsors an approved retraining program; and to require the Department of Industrial Relations to promulgate rules in support of this act. </p>

Subjects

Business and Commerce