HB494 Alabama 2018 Session

Summary

Primary Sponsor

Nathaniel LedbetterRepresentative

Republican

Session

Regular Session 2018

Title

Taxation, tax abatements of certain sales and ad valorem taxes, authorized for data processing centers, extended for five years, Sec. 40-9B-4.1 amd.

Summary

HB 494 reauthorizes data processing center tax abatements for five more years and sets a five-year reauthorization cycle for future incentives.

What This Bill Does

Extends the sales and property tax abatements for data processing centers for an additional five-year period beyond their current expiration. New incentives for applicants filing after December 31, 2018 (through the updated window) would only be available if Act 2012-210 is reauthorized in that year and then every five years thereafter. Projects that were granted incentives before the cutoff continue to receive those incentives according to their project agreements, even if reauthorization does not occur.

Who It Affects

• Data processing centers and their developers seeking tax abatements (new applicants and continuing projects).
• Projects that already have incentives under the program prior to the cutoff date (they keep their incentives per existing agreements).
• Local governments and public revenue, as the extension and eligibility rules affect tax abatement commitments and potential tax revenue.

Key Provisions

• Amends Section 40-9B-4.1 to extend the data processing center tax abatements for five years.
• New incentives for applicants filing after December 31, 2018 (2023) are not available unless Act 2012-210 is reauthorized in that year and then every five years thereafter.
• Any project granted incentives prior to December 31, 2018 (2023) remains entitled to those incentives under its project agreement regardless of whether Act 2012-210 is reauthorized.
• The act takes effect immediately upon the Governor's signature or otherwise becoming law.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation