This bill would make Legislative findings regarding the use of economic incentives provided to companies that undertake projects in the state that create and retain jobs. This bill would allow the State of Alabama to conduct public revenue estimates and subsequently allow new and existing companies which undertake certain qualifying projects in Alabama to retain a percentage of state income taxes withheld from eligible employees.
Pending third reading on day 22 Favorable from Finance and Taxation Education with 1 substitute
Finance and Taxation Education first Substitute Offered
Read for the second time and placed on the calendar with 1 substitute and
Engrossed
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Motion to Read a Third Time and Pass adopted Roll Call 26
Motion to Adopt adopted Roll Call 25
Motion to Adopt adopted Roll Call 24
Holmes Amendment Offered
Galliher Amendment Offered
Motion to Adopt adopted Roll Call 23
Motion to Adopt adopted Roll Call 22
Jones Amendment Offered
Hubbard (J) Amendment Offered
Motion to Adopt Johnson (R) amendment adopted Roll Call 21
Holmes motion to Adjourn lost Roll Call 20
Johnson (R) Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
Source: Alabama Legislature