HB195 Alabama 2020 Session

In Committee

Bill Summary

Sponsors

Danny Garrett

Session

Regular Session 2020

Title

Commerce, Alabama Rural and Agribusiness Jobs Act

Description

This bill would create the Alabama Rural and Agribusiness Jobs Act to create a procedure for the certification of growth funds and would authorize the Department of Commerce to issue a tax credit certificate to taxpayers who make investor contributions to a certified growth fund to make capital accessible to rural, minority, and female owned businesses.

Relating to commerce; to establish the Alabama Rural and Agribusiness Jobs Act; to establish a procedure for the certification of growth funds, as defined; and to authorize the issuance of tax credit certificates under certain conditions.

Subjects

Commerce Department

Bill Actions

Action Date	Chamber	Action
March 12, 2020	H	Pending third reading on day 13 Favorable from Ways and Means General Fund with 1 substitute and 1 amendment
March 12, 2020	H	Ways and Means General Fund first Amendment Offered to the Substitute
March 12, 2020	H	Read for the second time and placed on the calendar with 1 substitute and 1 amendment
February 6, 2020	H	Ways and Means General Fund first Substitute Offered
February 6, 2020	H	Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund

Bill Text

Download HB195 Alabama 2020 Session PDF

Bill Documents

Type	Link
Bill Text	HB195 Alabama 2020 Session - Introduced