HB280 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Taxation, expanding the tax incentive reform act, industrial development property, Sec. 40-9B-3 am'd.
Description
<p class="bill_description"> This bill would expand the definition of the
terms "Industrial Development Property" and "Major
Addition" by providing that they shall be included
as part of establishing or expanding an industrial
or research enterprise shall, by providing that the
costs, if any, of rebuilding, reconstruction,
rehabilitating, repairing, and/or re-equipping any
such property may be added to the capital account
of any person with respect to the property</p><p class="bill_entitled_an_act"> To amend Section 40-9B-3, Code of Alabama 1975; as
amended by Acts 2012-54, 2012-210, and 2012-436, 2012 Regular
Session, (Acts 2012); to expand the definition of the terms
"Industrial Development Property" and "Major Addition" by
providing that they shall be included as part of establishing
or expanding an industrial or research enterprise.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 14, 2013 | H | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB280 Alabama 2013 Session - Introduced |