Motion to Read a Third Time and Pass
Yes
33
Absent
2
SB78 Alabama 2019 Session
Updated Apr 26, 2021
SB78 Alabama 2019 Session
Senate Bill
Enacted
Current Status
Regular Session 2019
Session
1
Sponsor
Summary
- Primary Sponsor
-
Arthur Orr SenatorRepublican - Session
- Regular Session 2019
- Title
- Innovation Act, established, tax credits for qualified research expenses, authorized under certain conditions, tax credits authorized to offset certain taxes under certain conditions, to further provide for the allocation and transferability of certain tax credits under certain conditions, Sec. 40-18-390 added
- Description
Under existing law, there are no economic incentives extended to Alabama businesses for qualified research expenses incurred by Alabama companies that spend funds and resources in-house, or pay Alabama research companies to conduct qualified research for new or improved products or services.
This bill would establish the Alabama Innovation Act that would provide for research and development enhancement grants to certain Alabama companies. The grant would be based on in-house research and contract research expenses conducted in Alabama and consortium research expenses for qualified research conducted in Alabama.
This bill would limit the research and development enhancement grants to no more than $8 million of grants in the 2020 fiscal year, and $5 million each fiscal year thereafter through the 2024 fiscal year; and no eligible company or business can be awarded more than 20% of the maximum amount awarded in a single fiscal year. The grants would be claimed on a first-come, first-served basis.
- Subjects
- Taxation
Bill Actions
H
Ways and Means Education first Amendment Offered
H
Ways and Means Education first Amendment Offered
S
Delivered to Governor at 6:10 p.m. on May 31, 2019
H
Assigned Act No. 2019-404.
H
Concurred in Second House Amendment
H
Signature Requested
S
Orr motion to Concur In and Adopt adopted Roll Call 1479
S
Concurrence Requested
H
Motion to Read a Third Time and Pass adopted Roll Call 1270
H
Motion to Adopt adopted Roll Call 1269
H
Poole first Substitute Offered
H
Poole motion to Table adopted Roll Call 1268
H
Poole motion to Table adopted Roll Call 1267
H
Ways and Means Education Amendment Offered
S
Enrolled
H
Ways and Means Education first Substitute Offered
H
Third Reading Passed
H
Read for the second time and placed on the calendar with 1 substitute and 1 amendment
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
S
Engrossed
S
Motion to Read a Third Time and Pass adopted Roll Call 189
S
Whatley motion to Adopt adopted Roll Call 188
S
Whatley Amendment Offered
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
Whatley motion to Adopt
Yes
32
Absent
3
Orr motion to Concur In and Adopt
Yes
30
Absent
5
Motion to Read a Third Time and Pass
Yes
103
Absent
1
Motion to Adopt
Yes
103
Absent
1
Poole motion to Table
Yes
103
Absent
1
Poole motion to Table
Yes
103
Absent
1
Documents
Bill Text (Enrolled)
SB78 Alabama 2019 Session - Enrolled
Bill Text (Engrossed)
SB78 Alabama 2019 Session - Engrossed
Bill Text (Introduced)
SB78 Alabama 2019 Session - Introduced
Source: Alabama Legislature