HB523 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Local governments, annual report to Legislature assessing success of tax abatements granted to businesses, Sec. 40-96-14 added
Description
<p class="bill_description"> Under existing law, governmental bodies of
municipalities, counties, and public industrial
authorities may grant abatements of taxes or
property to certain private enterprises and
businesses</p><p class="bill_description">
This bill would require governmental bodies
of municipalities, counties, and public industrial
authorities that grant abatements of taxes or
property to submit to the Legislature a report on
these abatements every year</p><p class="bill_entitled_an_act"> Relating to tax abatements; to add Section 40-96-14
to the Code of Alabama 1975; to require governmental bodies of
municipalities, counties, and public industrial authorities
that grant abatements of taxes or property to submit to the
Legislature a report on these abatements every year.
</p>
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 12, 2016 | 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 | April 27, 2016 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB523 Alabama 2016 Session - Introduced |