Senate Bill 289 Alabama 2026 Session
Summary
- Primary Sponsor
Bobby D. SingletonSenatorDemocrat- Session
- 2026 Regular Session
- Title
- Growing Alabama Act amended to allow sites owned by more than one local economic development organization to qualify
- Description
Under existing law, the Growing Alabama Act provides tax credits to taxpayers that agree to make cash contributions to an economic development organization approved by the Renewal of Alabama Commission to fund improvements to sites owned by local economic development organizations and intended to be used by an industry or business.
This bill would allow sites owned by one or more local economic development organizations to qualify for Growing Alabama tax credits funding if all parties listed on the deed are eligible applicants.
This bill would also make nonsubstantive, technical revisions to update existing code language to current style.
- Subjects
- Economic Development
Bill Actions
Pending Senate Finance and Taxation Education
Read for the first time and referred to the Senate Committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature