HB 494

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.
Description

Under existing law, the Tax Incentive Reform Act of 1992 provides certain sales and property tax abatements for data processing centers and the incentives are due to expire after December 31, 2018

This bill would reauthorize the tax abatements for an additional five-year period

To amend Section 40-9B-4.1, Code of Alabama 1975, relating to tax abatements for data processing centers; to extend the tax abatements for an additional five-year period.

Subjects
Taxation
View Original PDF: HB 494 - Introduced - PDF

Under existing law, the Tax Incentive Reform Act of 1992 provides certain sales and property tax abatements for data processing centers and the incentives are due to expire after December 31, 2018

This bill would reauthorize the tax abatements for an additional five-year period

To amend Section 40-9B-4.1, Code of Alabama 1975, relating to tax abatements for data processing centers; to extend the tax abatements for an additional five-year period.

Section 1

Section 40-9B-4.1, Code of Alabama 1975, is amended to read as follows:

§40-9B-4.1.

In no event shall any incentive provided in Act 2012-210 be available to any company filing an application after December 31, 2018 2023, unless Act 2012-210 is reauthorized pursuant to legislation in that year and once every five years succeeding the 2019 2024 reauthorization. Any project granted incentive prior to December 31, 2018 2023, shall be entitled to those incentives pursuant to the project agreement regardless of whether Act 2012-210 is reauthorized."

Section 2

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.

No articles found.
Action Date Chamber Action
March 22, 2018HForwarded to Governor on March 22, 2018 at 2:22 p.m. on March 22, 2018.
March 22, 2018HAssigned Act No. 2018-475.
March 22, 2018HClerk of the House Certification
March 22, 2018HEnrolled
March 22, 2018SSignature Requested
March 22, 2018HPassed Second House
March 22, 2018SMotion to Read a Third Time and Pass adopted Roll Call 1052
March 22, 2018SThird Reading Passed
March 21, 2018SRead for the second time and placed on the calendar
March 15, 2018SRead for the first time and referred to the Senate committee on Finance and Taxation Education
March 15, 2018HMotion to Read a Third Time and Pass adopted Roll Call 809
March 15, 2018HThird Reading Passed
March 13, 2018HRead for the second time and placed on the calendar
March 8, 2018HRead for the first time and referred to the House of Representatives committee on County and Municipal Government
2018-03-22
Chamber: Senate
Result: Passed
2018-03-15
Chamber: House
Result: Passed