Motion to Read a Third Time and Pass
Yes
25
Absent
9
SB49 Alabama 2018 Session
Updated Apr 26, 2021
SB49 Alabama 2018 Session
Senate Bill
Expired
Current Status
Regular Session 2018
Session
1
Sponsor
Summary
- Primary Sponsor
-
Trip PittmanRepublican - Session
- Regular Session 2018
- Title
- Neighborhood Infrastructure Authorities, municipalities, assessments for neighborhood infrastructure revitalization projects, income tax credits, expiration date deleted, tax credits extended until 2022, Secs. 11-71-11, 11-71-12 am'd.
- Description
Under existing law, municipalities have been authorized to create Neighborhood Infrastructure Authorities to manage, coordinate, and collect voluntary assessments from homeowners and business owners to participate in neighborhood revitalization projects. Income tax credits have been available in the amount of 10 percent of any assessments paid not to exceed $1,000 in any tax year for a period not exceeding 10 years. The provision for new credits expired December 31, 2015.
This bill would authorize new income tax credits until 2022 unless further extended by the Legislature.
- Subjects
- Neighborhood Infrastructure Authorities
Bill Actions
H
Pending third reading on day 17 Favorable from Ways and Means Education
H
Read for the second time and placed on the calendar
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
S
Motion to Read a Third Time and Pass adopted Roll Call 338
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Votes
Documents
Source: Alabama Legislature