Under existing law, there is no state income tax credit in Alabama for investments in businesses in impoverished and low income communities.
This bill would allow a state income tax credit for certain qualified community businesses in the downtown core area or central business district in any Class 1, Class 2, or Class municipality.
Forwarded to Governor at 4:23 p. m. on May 9, 2010.
Assigned Act No. 2012-483.
Clerk of the House Certification
Signature Requested
Enrolled
Concurred in Second House Amendment
Ison motion to Concur In and Adopt adopted Roll Call 1422
Concurrence Requested
Blackwell motion to Adopt adopted Roll Call 1190
Motion to Read a Third Time and Pass adopted Roll Call 1191
Blackwell Amendment Offered
Blackwell motion to Adopt adopted Roll Call 1189
Small Business 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 Senate committee on Small Business
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 225
Motion to Adopt adopted Roll Call 224
Coleman Amendment Offered
Motion to Adopt adopted Roll Call 223
McCampbell Amendment Offered
Motion to Adopt adopted Roll Call 222
Ison Amendment Offered
Motion to Adopt adopted Roll Call 221
Clouse Amendment Offered
Motion to Adopt adopted Roll Call 220
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
Source: Alabama Legislature