Hearing
Senate Fiscal Responsibility and Economic Development (Senate) Hearing
Finance and Taxation at 15:00:00
SB331 Alabama 2024 Session
Updated Jan 14, 2026
SB331 Alabama 2024 Session
Senate Bill
Expired
Current Status
Regular Session 2024
Session
1
Sponsor
Summary
- Primary Sponsor
-
Kirk Hatcher SenatorDemocrat - Session
- Regular Session 2024
- Title
- Growing Alabama Act, Innovating Alabama Act, Alabama Jobs Act, Innovate Alabama, allow existing communities to qualify for incentives
- Description
The Growing Alabama Act, the Innovating Alabama Act, the Alabama Jobs Act, and the governing definitions and powers granted to Innovate Alabama rely on the federal definition of New Market Tax Credit census tracts for eligible projects. The federal map of census tracts will change on September 1, 2024, making some communities that are currently eligible for state incentives ineligible.
This bill would allow those existing communities to still qualify for the named initiatives and incentives.
- Subjects
- Taxation & Revenue
Bill Actions
H
Pending House Ways and Means Education
H
Read for the first time and referred to the House Committee on Ways and Means Education
S
Motion to Read a Third Time and Pass - Adopted Roll Call 878
S
Third Reading in House of Origin
S
Read for the Second Time and placed on the Calendar
S
Reported Out of Committee House of Origin
S
Pending Senate Fiscal Responsibility and Economic Development
S
Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development
Calendar
Bill Text
Votes
Motion to Read a Third Time and Pass - Roll Call 878
Yes
35
Third Reading in House of Origin
Yes
35
Documents
Bill Text (Introduced)
SB331 Alabama 2024 Session - Introduced
Fiscal Note
Fiscal Note - As Introduced
Source: Alabama Legislature