SB150 Alabama 2011 Session
Bill Summary
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
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
This bill would provide in certain instances a tax credit to an employer who provides or sponsors an approved retraining program
This bill would require the Department of Industrial Relations to promulgate rules in support of this 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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 1, 2011 | Pending third reading on day 24 Favorable from Small Business with 1 substitute | |
| June 1, 2011 | Indefinitely Postponed | |
| May 5, 2011 | Read for the second time and placed on the calendar with 1 substitute and | |
| March 3, 2011 | Read for the first time and referred to the Senate committee on Small Business |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB150 Alabama 2011 Session - Introduced |