HB574 Alabama 2017 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Economic development, Alabama Jobs Act, incentives continued, cap on outstanding incentives, revised, certain percentage of full-time employees required, Secs. 40-18-370, 40-18-382, 40-18-383 am'd.
Description
<p class="bill_description"> Under existing law, the Alabama Jobs Act
provides certain incentives and credits to certain
qualifying projects. The act caps the aggregate
balance of outstanding incentives at $850 million
and provides that the incentives are not available
to qualifying projects for which project agreements
have not been executed on or before December 31,
2019</p><p class="bill_description">
This bill would extend eligibility for
incentives under the act to projects for which
project agreements have been executed on or before
December 31, 2023, and would exempt megaprojects,
as defined by the act, from the $850 million
aggregate cap on outstanding incentives</p><p class="bill_entitled_an_act"> Relating to economic development; to amend Sections
40-18-370, as last amended by Act 2016-321, 2016 Regular
Session, 40-18-382 and 40-18-383, Code of Alabama 1975,
relating to the Alabama Jobs Act, to continue the eligibility
for incentives under the act; and to exempt certain
megaprojects, as defined by the act, from the $850 million
aggregate cap on outstanding incentives.
</p>
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 17, 2017 | H | Delivered to Governor at 10:26 a.m. on May 17, 2017. |
| May 17, 2017 | H | Assigned Act No. 2017-314. |
| May 17, 2017 | H | Clerk of the House Certification |
| May 16, 2017 | H | Enrolled |
| May 16, 2017 | S | Signature Requested |
| May 16, 2017 | H | Passed Second House |
| May 16, 2017 | S | Motion to Read a Third Time and Pass adopted Roll Call 1099 |
| May 16, 2017 | S | Third Reading Passed |
| May 11, 2017 | S | Read for the second time and placed on the calendar |
| May 9, 2017 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
| May 9, 2017 | H | Engrossed |
| May 9, 2017 | H | Motion to Read a Third Time and Pass adopted Roll Call 859 |
| May 9, 2017 | H | Motion to Adopt adopted Roll Call 858 |
| May 9, 2017 | H | Ledbetter motion to Previous Question adopted Roll Call 857 |
| May 9, 2017 | H | Ways and Means Education first Substitute Offered |
| May 9, 2017 | H | Third Reading Passed |
| May 4, 2017 | H | Read for the second time and placed on the calendar with 1 substitute and |
| April 27, 2017 | 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 | May 10, 2017 | Room 727 at 13:00 | Senate F&TG Hearing |
| Hearing | May 4, 2017 | Room 617 at 08:30 | House W&ME Hearing |
| Hearing | May 3, 2017 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB574 Alabama 2017 Session - Introduced |
| Bill Amendments | House Ways and Means Education first Substitute Offered |