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
This bill would lower certain employment thresholds so that more data processing centers may qualify
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.
|February 7, 2012
|Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
|SB167 Alabama 2012 Session - Introduced