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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2015 Alabama Legislative Regular Session
  5. 2015 Alabama House Bills
  6. HB530 Alabama 2015 Session

HB530 Alabama 2015 Session

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Bill Summary

Sponsors
  • Anthony Daniels
Session
Regular Session 2015
Title
Tax increment districts, provide that compensation may be determined soley by local governing body if a district is within a Major 21st Century Manufacturing Zone
Description

Under Amendment No. 475 of the Constitution of Alabama of 1901, now appearing as Section 94.02 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, the Legislature may enact legislation permitting municipalities and counties to form tax increment districts for, among other purposes, the redevelopment, rehabilitation, or conservation of property that may be disposed of to or for the benefit of private interest for compensation established by the governing body of the county or municipality and not less than the fair market value thereof determined by independent appraisal of the property

This bill would propose an amendment to provide that, rather than being a minimum of fair market value, the compensation may be determined in the sole discretion of the governing body of the county or municipality, as the case may be, that established the tax increment district and, if a tax increment district is within a Major 21st Century Manufacturing Zone, to do so without regard to Sections 93 and 94 of the Constitution of Alabama of 1901, as amended, prohibiting giving or lending the credit of the state or local entities

The amendment would repeal and replace Amendment 475 and specifically preserve any tax increment districts created by Amendment 475 and validate and confirm all actions taken by counties and municipalities acting pursuant to the amendment

Proposing an amendment to the Constitution of Alabama of 1901, as amended, relating to tax increment districts, to give the governing body of a municipality or county that has established a tax increment district the sole discretion to determine the amount and type of consideration to be received by the municipality or county for the redevelopment, rehabilitation, or conservation of property disposed of to or for the benefit of private interest with funds collected from the tax increment district and, if a tax increment district is within a Major 21st Century Manufacturing Zone, without regard to Sections 93 and 94 of the Constitution of Alabama of 1901, as amended; and to repeal Amendment 475 of the Constitution of Alabama of 1901, and validate and preserve tax increment districts created pursuant to the amendment and validate all action taken by counties and municipalities pursuant to the amendment.

Subjects
Constitutional Amendments

Bill Actions

Action DateChamberAction
May 21, 2015SPending third reading on day 25 Favorable from Fiscal Responsibility and Economic Development
May 21, 2015SRead for the second time and placed on the calendar
May 12, 2015SRead for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
May 7, 2015HEngrossed
May 7, 2015HMotion to Read a Third Time and Pass adopted Roll Call 622
May 7, 2015HMotion to Adopt adopted Roll Call 621
May 7, 2015HEconomic Development and Tourism first Substitute Offered
May 7, 2015HThird Reading Passed
April 30, 2015HRead for the second time and placed on the calendar with 1 substitute and
April 21, 2015HRead for the first time and referred to the House of Representatives committee on Economic Development and Tourism

Bill Calendar

TypeDateLocationDescription
HearingMay 20, 2015Room 727 * Revised Bill Added * at 15:00Senate FR&ED Hearing
HearingApril 29, 2015Room 410 at 13:30House ED&T Hearing

Bill Text

Download HB530 Alabama 2015 Session PDF

Bill Votes

Motion to Read a Third Time and Pass
2015-05-07
Chamber: House
Result: Passed
Motion to Adopt
2015-05-07
Chamber: House
Result: Passed

Bill Documents

TypeLink
Bill Text HB530 Alabama 2015 Session - Engrossed
Bill Text HB530 Alabama 2015 Session - Introduced
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