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AL HB570
Bill
Status
Introduced
4/27/2017
Primary Sponsor
Phil Williams
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AI Summary
HB570 Summary
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Repeals the Alabama New Markets Development Act (Article 8C, Chapter 9, Title 41, Code of Alabama 1975, Sections 41-9-216 to 41-9-219.7) effective January 1, 2018
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Allows taxpayers who earned tax credits under the Act prior to January 1, 2018, to carry forward any unused credit amounts to subsequent tax years
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Becomes effective on the first day of the third month following passage and approval by the Governor
Legislative Description
New Markets Development Act, Secs. 41-9-216 to 41-9-219.7, inclusive, repealed
Tax Credits
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
4/27/2017
Committee Referrals
Ways and Means General Fund4/27/2017
Full Bill Text
No bill text available