HB523 Alabama 2016 Session

In Committee

Bill Summary

Sponsors

Rod Scott

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 Text

Download HB523 Alabama 2016 Session PDF

Bill Documents