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AL HB494
Bill
Status
3/22/2018
Primary Sponsor
Nathaniel Ledbetter
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AI Summary
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Extends the deadline for data processing centers to file applications for sales and property tax abatements under Act 2012-210 from December 31, 2018 to December 31, 2023.
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Requires reauthorization of the tax abatement program every five years following the 2024 reauthorization.
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Allows companies that received incentive grants prior to December 31, 2023 to retain those incentives under their project agreements regardless of future reauthorization status.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Taxation, tax abatements of certain sales and ad valorem taxes, authorized for data processing centers, extended for five years, Sec. 40-9B-4.1 amd.
Taxation
Last Action
Forwarded to Governor on March 22, 2018 at 2:22 p.m. on March 22, 2018.
3/22/2018