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AL SB167
Bill
AI Summary
SB167 Summary
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Extends tax abatement period for data processing centers in Alabama from current limits to up to 30 years, with duration based on capital investment thresholds ($100M, $300M) within specified timeframes.
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Reduces employment threshold for data processing centers from 50 to 20 new jobs, allowing more facilities to qualify for tax incentives.
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Includes taxes on computer software used in data processing center operations in the abatable taxes, in addition to ad valorem taxes and construction-related transaction taxes.
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Establishes tiered abatement periods: 10 years for investments not exceeding $100 million, 20 years for investments exceeding $100 million but not greater than $300 million, and 30 years for investments exceeding $300 million within 20 years.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Data processing centers locating in Alabama, certain ad valorem tax and construction related transaction tax abatements authorized, requirements, Data Processing Center Economic Incentive Enhancement Act, Secs. 40-9B-3, 40-9B-4, 40-18-193 am'd.
Taxation
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
2/7/2012