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
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
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
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.
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 |