HB311 Alabama 2014 Session
Bill Summary
This bill would require any tax incentive or subsidy provided as an incentive for a company to build or expand in the state after the effective date of this act to outline specific job commitments required by a company
This bill would require a company to operate in the state and maintain the company's committed employment levels for a period of not less than five years after the year in which the project is completed
This bill would require a company to repay the state all or a portion of the tax incentive or subsidy received by the company if the company fails to honor its job commitment provided in the contract
This bill would allow the Department of Revenue to audit any company periodically to monitor compliance by the company
To require any tax incentive or subsidy provided as an incentive for a company to build or expand in the state after the effective date of this act to outline specific job commitments required by a company; and to require a company to meet annual job commitments for a period of not less than five years after the year in which the project is completed; and to require a company to repay the state all or a portion of the tax incentive or subsidy received by the company if the company fails to honor its job commitment.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 21, 2014 | H | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB311 Alabama 2014 Session - Introduced |