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AL HB109
Bill
Status
3/23/2010
Primary Sponsor
John Knight
Click for details
AI Summary
HB109 Summary
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Establishes a transition period for economic development qualifying projects that were in development stages before Act 2009-722 became effective on May 21, 2009
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Applies to qualifying projects where an investing company filed a written statement of intent with the Department of Revenue on or before November 21, 2009
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Allows such projects to use the "base wage requirement" definition from Section 40-18-190(a)(1) as it existed prior to Act 2009-722, rather than the amended definition
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Becomes effective immediately upon passage and approval by the Governor
Legislative Description
Economic development projects, qualifying projects for tax incentives, base wage requirements under Section 40-18-190, Code of Alabama 1975, amendments in Act 2009-722, effective date of new requirements delayed for applications filed by November 21, 2009
Economic Development
Last Action
Delivered to Governor at 2:30 p.m. on March 23, 2010.
3/23/2010