HB160 Alabama 2012 Session

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Bill Summary

Sponsors

Barry Mask

Session

Regular Session 2012

Title

Economic Development, tax incentives for certain qualifying projects developing or expanding in state, job creation, retention component, Alabama Development Office and Finance Director to recommend to Governor to approve the project, Alabama Job Creation and Retention Act

Description

This bill would make Legislative findings regarding the use of economic incentives provided to companies that undertake projects in the state that create and retain jobs. This bill would allow the State of Alabama to conduct public revenue estimates and subsequently allow new and existing companies which undertake certain qualifying projects in Alabama to retain a percentage of state income taxes withheld from eligible employees

To provide legislative findings; to provide definitions; to allow Alabama companies which undertake certain qualifying projects to retain a percentage of state income taxes withheld from eligible employees.

Subjects

Economic Development

Bill Actions

Action Date	Chamber	Action
April 19, 2012		Pending third reading on day 22 Favorable from Finance and Taxation Education with 1 substitute
April 19, 2012		Finance and Taxation Education first Substitute Offered
April 19, 2012		Read for the second time and placed on the calendar with 1 substitute and
February 14, 2012		Engrossed
February 14, 2012		Read for the first time and referred to the Senate committee on Finance and Taxation Education
February 14, 2012		Motion to Read a Third Time and Pass adopted Roll Call 26
February 14, 2012		Motion to Adopt adopted Roll Call 25
February 14, 2012		Motion to Adopt adopted Roll Call 24
February 14, 2012		Holmes Amendment Offered
February 14, 2012		Galliher Amendment Offered
February 14, 2012		Motion to Adopt adopted Roll Call 23
February 14, 2012		Motion to Adopt adopted Roll Call 22
February 14, 2012		Jones Amendment Offered
February 14, 2012		Hubbard (J) Amendment Offered
February 14, 2012		Motion to Adopt Johnson (R) amendment adopted Roll Call 21
February 14, 2012		Holmes motion to Adjourn lost Roll Call 20
February 14, 2012		Johnson (R) Amendment Offered
February 14, 2012		Third Reading Passed
February 8, 2012		Read for the second time and placed on the calendar
February 7, 2012		Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism