HB416 Alabama 2015 Session
Crossed Over
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Alabama Renewal Act, certain tax credits for the state's port facilities and other tax credits, authorized, Secs. 40-18-400 to 40-18-403, inclusive, 40-18-410 to 40-18-415, inclusive, added
Description
<p class="bill_description"> The Alabama Renewal Act would enact a number
of new programs for the growth of Alabama as a
place to do business</p><p class="bill_description">
The bill would create a tax credit for
increased use of the state’s port, as well as for
investments in early-state companies</p><p class="bill_description">
The bill would create the Growing Alabama
Act tax credit to address economic development
needs in Alabama that cannot be solved with
traditional tax incentives</p><p class="bill_description">
The bill would add provisions to the Alabama
Jobs Act proposed by HB 58 of the 2015 Regular
Session. For companies receiving the Jobs Act
Incentives that employ veterans as at least 12
percent of their workforce, the companies would
receive an additional jobs credit of 0.5 percent of
wages paid to veterans</p><p class="bill_entitled_an_act"> To enact the Alabama Renewal Act; to enact a number
of new programs for the growth of business and industry in
Alabama; to create tax credits for increased use of the
state’s port and small business investments with the potential
for job growth; to create the Growing Alabama Act tax credit
to address economic development needs in Alabama that cannot
be solved with traditional tax incentive; to cap the credits;
to provide for the carryforward of certain earned but unused
credits; to provide methods for claiming certain credits; to
provide for proof that credits are due to be granted; to
provide for the promulgation of forms; to create new Articles
nd 19 of Chapter 18 of Title 40; to add section
40-18-376.1 to the Alabama Jobs Act proposed by HB 58 of the
Regular Session of 2015 of the Alabama Legislature to provide
an additional jobs credit of 0.5 percent of wages paid to
veterans in certain cases; to provide for the promulgation of
regulations; to provide for the severability of invalid
provisions; to provide for the repeal of conflicting laws; to
provide for effective dates.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 21, 2015 | H | Ways and Means Education first Amendment Offered |
| May 21, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| May 19, 2015 | H | Engrossed |
| May 19, 2015 | H | Cosponsors Added |
| May 19, 2015 | H | Motion to Read a Third Time and Pass adopted Roll Call 844 |
| May 19, 2015 | H | Motion to Adopt adopted Roll Call 843 |
| May 19, 2015 | H | W&ME 1st Amendment Offered |
| May 19, 2015 | H | Motion to Adopt adopted Roll Call 842 |
| May 19, 2015 | H | Ways and Means Education first Substitute Offered |
| May 19, 2015 | H | Third Reading Passed |
| May 14, 2015 | H | Read for the second time and placed on the calendar with 1 substitute and 1 amendment |
| April 2, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | June 3, 2015 | Room 727 at 10:30 | Senate F&TE Public Hearing |
| Hearing | June 3, 2015 | Room 727 at 19:00 | Senate F&TE Public Hearing |
| Hearing | June 3, 2015 | Room 727 at 10:30 | House F&TE Public Hearing |
| Hearing | May 27, 2015 | Room 727 at 19:00 | Senate F&TE Public Hearing |
| Hearing | May 27, 2015 | Room 727 at 11:00 | Senate F&TE Hearing |
| Hearing | May 14, 2015 | Room 617 at 08:30 | House W&ME Hearing |
| Hearing | May 13, 2015 | Room 617 at 09:00 | House W&ME Public Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB416 Alabama 2015 Session - Introduced |
| Bill Text | HB416 Alabama 2015 Session - Engrossed |