SB96 Alabama 2016 Session
Bill Summary
Under existing law, a municipality or a public industrial authority may abate taxes for economic development purposes under certain conditions. A municipality or municipal public industrial authority may abate county taxes only if the municipality has abated corresponding municipal taxes
This bill would specify that a municipality or public industrial authority may abate county taxes only if the corresponding municipal tax is abated and the abatement is limited to the same rate of taxation as the corresponding municipal tax
To amend Section 40-9B-5, Code of Alabama 1975, relating to the abatement of taxes by a municipality or a public industrial authority; to specify that in order for a municipality or a municipal public industrial authority to abate county tax, the municipality would be required to abate the corresponding municipal tax and the abatement of the county tax would be limited to the same rate of taxation as the corresponding municipal tax.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 2, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 24, 2016 | Room 727** Revised-Bill Removed** at 15:00 | Senate FR&ED Hearing |
| Hearing | February 24, 2016 | Room 727 ** Revised Public Hearing Added ** at 15:00 | Senate FR&ED Hearing |
| Hearing | February 24, 2016 | Room 727 at 15:00 | Senate FR&ED Hearing |
| Hearing | February 10, 2016 | Room 727 *Public Hearing Added* at 15:00 | Senate FR&ED Public Hearing |
| Hearing | February 10, 2016 | Room 727 at 15:00 | Senate FR&ED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB96 Alabama 2016 Session - Introduced |