AL HB455

Extends power to designate Major 21st Century Manufacturing Zones to county governing bodies, previously limited to municipalities

Defines Major 21st Century Manufacturing Zones as areas of at least 250 contiguous acres suitable for automotive, aviation, medical, pharmaceutical, semiconductor, computer, electronics, energy conservation, cyber technology, or biomedical manufacturing facilities with anticipated capital expenditure of at least $100,000,000

Allows counties and municipalities to create tax increment districts in these zones and use tax increment financing to fund public infrastructure improvements and other development costs

Clarifies that the state or any taxing authority with power to levy taxes qualifies as a "taxing authority" for Major 21st Century Manufacturing Zone tax increment districts

Corrects and clarifies the effective date provisions of Act 2013-51 to apply to tax increment districts created on or after April 1, 2013, where at least 50 percent of the district is designated as a Major 21st Century Manufacturing Zone