SB214 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Broadband telecommunication network facilities, tax credit for percentage of investment, Sec. 40-18-371.1 added; Sec. 40-18-370 am'd.
Description
<p class="bill_description"> This bill would encourage accelerated
investment in broadband infrastructure by private
businesses by providing a nonrefundable income tax
credit equal to 10 percent of the qualified
investment in new broadband telecommunications
network facilities in the state</p><p class="bill_entitled_an_act"> To amend Section 40-18-370, Code of Alabama 1975,
and to add Section 40-18-370.1 to the Code of Alabama 1975, to
provide a nonrefundable income tax credit for a certain
percentage of qualifying investment in each new broadband
telecommunication network facilitiy, as defined, in Alabama.
</p>
Subjects
Tax Credits
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 11, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB214 Alabama 2016 Session - Introduced |