The Alabama Renewal Act would enact a number of new programs for the growth of Alabama as a place to do business.
The bill would create a tax credit for increased use of the state’s port, as well as for investments in early-state companies.
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.
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.
Ways and Means Education first Amendment Offered
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Engrossed
Cosponsors Added
Motion to Read a Third Time and Pass adopted Roll Call 844
Motion to Adopt adopted Roll Call 843
W&ME 1st Amendment Offered
Motion to Adopt adopted Roll Call 842
Ways and Means Education first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and 1 amendment
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Source: Alabama Legislature