SB53 Alabama 2020 Session

Updated Feb 12, 2020

Summary

Primary Sponsor: David Burkette
Democrat
Session: Regular Session 2020
Title: Economic Dev, property adjacent to U.S. Air Force Base, mun. or co. authorized to form authority for development, issuance of bonds, tax exemptions
Description: 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.
Subjects: Counties