Loading chat...
AL SB299
Bill
AI Summary
Legislative Description
Relating to the Coal Production Tax Credit; to amend Section 40-18-220, Code of Alabama 1975, to allow the credit to be claimed against both income and utility services taxes; to allow the credits to be earned by all persons that increase their production of coal mined in Alabama from the prior year; to allow any unused credits to be carried forward for no more than five years;
Relating to economic tax incentives; to establish sunset provisions and reporting guidelines
Last Action
Enacted
6/7/2023
Committee Referrals
Ways and Means Education5/23/2023
Finance and Taxation Education5/9/2023
Full Bill Text
No bill text available