SB96 Alabama 2013 Session
Summary
- Primary Sponsor
-
Arthur Orr SenatorRepublican - Session
- Regular Session 2013
- Title
- Economic Development, tax increment districts, municipalities authorized to form, Major 21st Century Manufacturing Zone Act for certain manufacturing purposes, improvements funded through tax increment financing, Secs. 11-99-1, 11-99-2, 11-99-4, 11-99-5, 11-99-6, 11-99-8 am'd.
- Description
Existing law provides for the creation of tax increment districts by counties and municipalities as a means of developing blighted and economically distressed areas. Existing law provides that development projects that locate in the district receive certain tax incentives.
This bill would authorize a municipality to designate certain real property as a Major 21st Century Manufacturing Zone. This bill would provide requirements to qualify as a zone and provide that projects within the zone could be financed with ad valorem tax increments.
This bill would provide that property within the zone would be developed for certain manufacturing purposes and would provide incentives for certain manufacturing projects that commit to develop or expand within the zone.
- Subjects
- Economic Development
Bill Actions
Forwarded to Governor on February 28, 2013 at 1:41 p.m. on February 28, 2013
Assigned Act No. 2013-51.
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 170
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
Motion to Read a Third Time and Pass adopted Roll Call 32
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Bill Text
Votes
Motion to Read a Third Time and Pass
Documents
Source: Alabama Legislature