HB523 Alabama 2016 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Rod Scott
Democrat
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.
Subjects: Economic Development

Read for the first time and referred to the House of Representatives committee on Ways and Means Education