SB511 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Economic Development, tax incentives for certain qualifying projects developing or expanding in state, job creation, retention component, Alabama Development Office and Finance Director to recommend to Governor to approve the project, Alabama Job Creation and Retention Act
Description
This bill would make Legislative findings regarding the use of economic incentives provided to companies that undertake projects in the state that create jobs. This bill would allow Alabama companies which undertake certain qualifying projects a tax incentive based upon jobs created and wages paid to new employees
To provide legislative findings; to provide definitions; to allow Alabama companies which undertake certain qualifying projects a tax incentive based upon a per job created and wage formula.
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Indefinitely Postponed | |
| April 26, 2012 | Read for the second time and placed on the calendar | |
| April 19, 2012 | Referred to Committee on Finance and Taxation Education | |
| April 12, 2012 | Read for the first time and referred to the Senate committee on Job Creation and Economic Development |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB511 Alabama 2012 Session - Introduced |