SB167 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Data processing centers locating in Alabama, certain ad valorem tax and construction related transaction tax abatements authorized, requirements, Data Processing Center Economic Incentive Enhancement Act, Secs. 40-9B-3, 40-9B-4, 40-18-193 am'd.
Description
<p class="bill_description"> This bill would extend the period of time
that granting authorities can abate certain ad
valorem taxes and construction related transaction
taxes for data processing centers located in the
State of Alabama in order to encourage data
processing centers to locate in the State of
Alabama to up to 30 years. The bill would also
include taxes paid on computer software used in a
data processing center in the taxes that would be
abated</p><p class="bill_description">
This bill would lower certain employment
thresholds so that more data processing centers may
qualify</p><p class="bill_entitled_an_act"> To amend Sections 40-9B-3, 40-9B-4, and 40-18-193,
Code of Alabama 1975, to allow the governing body of a
municipality, county, or a public industrial authority to
grant abatements of certain ad valorem taxes and construction
related transaction taxes to private users of data processing
centers for a period of up to thirty years and reduce the
corresponding employment thresholds, provided that certain
minimum capital investment requirements are met.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB167 Alabama 2012 Session - Introduced |