HB532 Alabama 2014 Session
Bill Summary
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
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.
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 |