HB532 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Tax exemption, Southern Research Institute exempt from certain tax
Description
<p class="bill_description"> Under existing law, various sales, use, ad
valorem, and other tax exemptions are granted to
certain entities</p><p class="bill_description">
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</p><p class="bill_description">
This bill would require a certification of a
particular level of investment, employment, and
community outreach in exchange for the tax
exemptions</p><p class="bill_description">
This bill would provide for repayment of
incentives if certain levels of investment are not
achieved by September 30, 2018</p><p class="bill_entitled_an_act"> To provide for legislative findings regarding the
life science, engineering, energy, and environmental science
industries and their value to the state and its workforce; to
provide a tax exemption for the Southern Research Institute
and its property; to require a certification of a particular
level of investment, employment, and community outreach in
exchange for the tax exemptions; and to provide for repayment
of incentives if certain levels of investment are not achieved
by September 30, 2018.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 25, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB532 Alabama 2014 Session - Introduced |