This bill would authorize a municipality or county to establish a local redevelopment authority for economic development, redevelopment, and rehabilitation for property that is contiguous to an active U.S. Air Force military installation located within the corporate limits of the municipality or the county where the municipality is located. The bill would authorize the authority to issue bonds for projects for the purposes of the authority. The bill would provide for exemptions from state, county, and municipal ad valorem taxes and lodging taxes to the authority, any cooperative district of which the authority is a member, and any private user of a project owned by the authority or the cooperative district.
Delivered to Governor at 1:15 p.m. on March 12, 2020.
Assigned Act No. 2020-72.
Signature Requested
Clerk of the House Certification
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 375
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 42
Motion to Adopt adopted Roll Call 41
Ingram Amendment Offered
Motion to Adopt adopted Roll Call 40
Ways and Means General Fund Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Source: Alabama Legislature