HB159 Summary

• Proposes a constitutional amendment to authorize an incentive program for creating and retaining jobs and promoting economic and industrial development in Alabama.

• The amendment validates and ratifies the provisions of House Bill 160 or Senate Bill 160 from the 2012 regular legislative session, making them immune from constitutional or legal challenges.

• Findings establish that economic incentives are in the state's best interest to encourage recruitment, retention, and expansion of quality projects that create and preserve jobs and tax revenues.

• Amendment becomes effective upon voter approval by majority of qualified electors in accordance with Alabama constitutional procedures for amendments.

• Passed House of Representatives on February 16, 2012 with a vote of 65 Yeas, 22 Nays, and 2 Abstains.