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AL SB377
Bill
AI Summary
- Repeals the Alabama New Markets Development Act (Article 8C, Chapter 9, Title 41, Code of Alabama 1975) effective January 1, 2018
- Allows taxpayers who earned tax credits under the Alabama New Markets Development Act prior to January 1, 2018, to carry forward any unused credit amounts to subsequent tax years
- Becomes effective on the first day of the third month following passage and approval by the Governor, or its otherwise becoming law
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New Markets Development Act, Secs. 41-9-216 to 41-9-219.7, inclusive, repealed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 Senate committee on Finance and Taxation Education
4/20/2017
Committee Referrals
Finance and Taxation Education4/20/2017
Full Bill Text
No bill text available