HB57 Alabama 2015 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Economic development, incentives under the Alabama Jobs Act further provided for, loans in targeted counties by the State Industrial Development Authority authorized, Alabama Veterans and Targeted Counties Act, Secs. 40-18-376.1, 40-18-376.2 , 41-10-45.1 to 41-10-45.6, inclusive, added
Description
<p class="bill_description"> The Alabama Veterans and Rural Jobs Act
would add provisions to the Alabama Jobs Act</p><p class="bill_description">
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_description">
For companies locating in rural counties,
the minimum new jobs requirement would be lowered,
the jobs credit would be 4 percent, and, in certain
cases, the investment credit would be available for
an additional 5 years</p><p class="bill_description">
The bill would allow the State Industrial
Development Authority to make loans for site
preparation in rural counties. A $20 million fund
would be established</p><p class="bill_entitled_an_act"> To enact the Alabama Veterans and Rural Jobs Act; to
add provisions to the Alabama Jobs Act proposed by HB ___ of
the Regular Session of 2015 of the Alabama Legislature; to
define the term “rural county”; to require that the Secretary
of Commerce make certain findings as to whether a project is a
qualifying project and whether a company is an approved
company when the project is to be located in a rural county;
to provide that a qualifying project in a rural county could
receive incentives if it created at least 25 new jobs; to
allow a 4 percent jobs credit for qualifying projects located
in rural counties; to allow an additional 5 years in the
incentive period for the investment credit in certain cases;
to provide an additional jobs credit of 0.5 percent of wages
paid to veterans in certain cases; to provide for audits of
companies claiming the Jobs Act Incentives; to create the
Accelerate Rural Alabama Fund; to allow the fund to be funded
by the issuance of bonds secured by rural financing
agreements, any other funds available to the authority, or
money appropriated to such fund; to allow the State Industrial
Development Authority to make loans to rural entities to fund
site preparation and other expenses for projects that will
provide employment opportunities in the rural area; to limit
the value of loans allowed by such fund; to allow various
entities to accept loans from such fund and to provide
security for repayment of each loan; to require annual reports
to the legislature on the operations of such fund; to
authorize entry into agreements for the operation of such
fund; to make legislative findings; to provide for the
promulgation of regulations; to add a new Article 2B to
Chapter 10 of Title 41, Code of Alabama 1975; to provide for
the severability of invalid provisions; to provide for the
repeal of conflicting laws; to provide for an effective date.
</p>
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 9, 2015 | H | Forwarded to Executive Department |
| April 9, 2015 | H | Assigned Act No. 2015-41. |
| April 9, 2015 | H | Enrolled |
| April 9, 2015 | H | Clerk of the House Certification |
| April 9, 2015 | S | Signature Requested |
| April 9, 2015 | H | Enrolled |
| April 9, 2015 | S | Concurred in Second House Amendment |
| April 9, 2015 | H | Mooney intended to vote Yea |
| April 9, 2015 | H | Beech motion to Concur In and Adopt adopted Roll Call 297 |
| April 9, 2015 | H | Concurrence Requested |
| April 2, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 289 |
| April 2, 2015 | S | Reed motion to Adopt adopted Roll Call 288 |
| April 2, 2015 | S | Reed first Substitute Offered |
| April 2, 2015 | S | Marsh motion to Table adopted Voice Vote |
| April 2, 2015 | S | Fiscal Responsibility and Economic Development Amendment Offered |
| April 2, 2015 | S | Third Reading Passed |
| March 19, 2015 | S | Reed motion to Carry Over to the Call of the Chair adopted Voice Vote |
| March 19, 2015 | S | Third Reading Carried Over to Call of the Chair |
| March 18, 2015 | S | Read for the second time and placed on the calendar 1 amendment |
| March 10, 2015 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
| March 10, 2015 | H | Engrossed |
| March 10, 2015 | H | Motion to Read a Third Time and Pass adopted Roll Call 20 |
| March 10, 2015 | H | Motion to Adopt adopted Roll Call 19 |
| March 10, 2015 | H | Ainsworth 1st Amendment Offered |
| March 10, 2015 | H | Motion to Adopt adopted Roll Call 18 |
| March 10, 2015 | H | Beech 1st Amendment Offered |
| March 10, 2015 | H | Motion to Adopt adopted Roll Call 17 |
| March 10, 2015 | H | Economic Development and Tourism Amendment Offered |
| March 10, 2015 | H | Third Reading Passed |
| March 5, 2015 | H | Read for the second time and placed on the calendar 1 amendment |
| March 3, 2015 | H | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 18, 2015 | Room 727 * Agenda Revised 1* at 15:00 | Senate FR&ED Hearing |
| Hearing | March 18, 2015 | Room 727 at 15:00 | Senate FR&ED Public Hearing |
| Hearing | March 4, 2015 | Room 410 at 19:00 | House ED&T Public Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB57 Alabama 2015 Session - Introduced |
| Bill Text | HB57 Alabama 2015 Session - Engrossed |
| Bill Text | HB57 Alabama 2015 Session - Enrolled |