HJR421 Summary

• Establishes the Alabama Tax Incentives Task Force consisting of 16 members including 3 House representatives, 5 Senate members, the Governor's appointee, the Department of Revenue Commissioner, and representatives from education, business, retail, county commissions, and independent business organizations.

• Task force must conduct a comprehensive analysis of the financial impact of tax incentives granted to individuals and groups on Alabama's economy and tax base.

• Task force shall adopt recommendations for improvement of the tax incentive process and submit a preliminary report by October 1, 2013, and a final report by the third legislative day of the 2014 Regular Session.

• Task force shall meet monthly (within 30 days of passage) with a quorum consisting of a majority of members; legislative members receive regular compensation and expenses while non-legislative members receive expense reimbursement.

• Total expenditures of the task force may not exceed $10,000, and the task force dissolves upon submission of the final report in 2014.