SB477 Alabama 2011 Session

Updated Jul 26, 2021

Senate Bill

Enacted

Current Status

Regular Session 2011

Session

Summary

Primary Sponsor: Del Marsh
Republican
Co-Sponsors: George M. “Marc” Keahey Phillip W. Williams
Session: Regular Session 2011
Title: Economic development, tariff tax credits of capital investment costs for qualifying projects, job creation a qualifying factor, Tariff Credit Act (2011-21034)
Description: This bill would provide economic development tax incentives to offset certain business transactional costs in order to encourage direct capital investment in the state by companies with qualifying projects.
This bill would authorize a company with a qualifying project to claim a tariff credit on state individual or corporate income tax liability for certain capital investment costs associated with the project.
This bill would require a project to create a minimum number of jobs in the state to qualify for the tax incentive.
This bill would provide limits on the amount of the credit that could be claimed and the number of tax years the credit may be claimed.
Subjects: Economic Development

Bill Actions

Delivered to Governor at 2:00 p.m. on June 2, 2011

Assigned Act No. 2011-648.

Enrolled

Mitchell dissent filed

Signature Requested

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 1072

Mask motion to Table adopted Roll Call 1071

Black Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar

Engrossed

Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism

Motion to Read a Third Time and Pass adopted Roll Call 835

Third Reading Passed

Sanford motion to Carry Over Temporarily adopted Voice Vote

Motion to Adopt adopted Roll Call 834

Keahey Amendment Offered

Motion to Adopt adopted Roll Call 833

Orr Amendment Offered

Motion to Adopt adopted Roll Call 832

Pittman Amendment Offered

Keahey motion to Adopt adopted Roll Call 831

Fiscal Responsibility and Accountability first Substitute Offered

Third Reading Carried Over

Read for the second time and placed on the calendar with 1 substitute and

Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability

Bill Text

Download Enrolled PDF

Votes

Yes 28

Absent 7

Yes 28

Absent 7

Yes 23

No 6

Abstained 1

Absent 5

Yes 21

No 6

Abstained 3

Absent 5

Yes 27

Abstained 1

Absent 7

Yes 73

No 22

Abstained 1

Absent 9

Yes 59

No 27

Abstained 2

Absent 17

Documents

Bill Text (Enrolled) SB477 Alabama 2011 Session - Enrolled

Bill Text (Engrossed) SB477 Alabama 2011 Session - Engrossed

Bill Text (Introduced) SB477 Alabama 2011 Session - Introduced

Source: Alabama Legislature