HB532 Alabama 2014 Session

Summary

Primary Sponsor

Paul DeMarco

Republican

Co-Sponsors

Mary Sue McClurkinAllen TreadawayDickie DrakeJim CarnsDavid StandridgeLawrence McAdoryAllen FarleyRod ScottOliver RobinsonJohn W. RogersMary MooreJack WilliamsMerika Coleman

Session

Regular Session 2014

Title

Tax exemption, Southern Research Institute exempt from certain tax

Description

Under existing law, various sales, use, ad valorem, and other tax exemptions are granted to certain entities.

This bill would provide for legislative findings regarding the life science, engineering, energy, and environmental science industries and their value to the state and its workforce, would provide a tax exemption for the Southern Research Institute and its property.

This bill would require a certification of a particular level of investment, employment, and community outreach in exchange for the tax exemptions.

This bill would provide for repayment of incentives if certain levels of investment are not achieved by September 30, 2018.

Show more Show less

Subjects

Taxation