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AL SB379
Bill
Status
3/8/2018
Primary Sponsor
J.T. Waggoner
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AI Summary
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Amends Section 40-9B-4.1 of the Alabama Code to extend tax abatements for data processing centers under Act 2012-210 for an additional five-year period.
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Changes the expiration date for new company applications from December 31, 2018 to December 31, 2023.
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Requires Act 2012-210 to be reauthorized every five years following the 2024 reauthorization to keep incentives available.
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Preserves tax incentive eligibility for all projects that received approval prior to December 31, 2023, regardless of future reauthorization of Act 2012-210.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Taxation, tax abatements, authorized for data processing centers, extended for five years, Sec. 40-9B-4.1 amd.
Taxation
Last Action
Pending third reading on day 21 Favorable from Finance and Taxation Education
3/15/2018