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.
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.
Delivered to Governor at 10:26 a.m. on May 17, 2017.
Assigned Act No. 2017-314.
Clerk of the House Certification
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1099
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 859
Motion to Adopt adopted Roll Call 858
Ledbetter motion to Previous Question adopted Roll Call 857
Ways and Means Education first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Source: Alabama Legislature