SB214 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Broadband telecommunication network facilities, tax credit for percentage of investment, Sec. 40-18-371.1 added; Sec. 40-18-370 am'd.
Description
This bill would encourage accelerated investment in broadband infrastructure by private businesses by providing a nonrefundable income tax credit equal to 10 percent of the qualified investment in new broadband telecommunications network facilities in the state
To amend Section 40-18-370, Code of Alabama 1975, and to add Section 40-18-370.1 to the Code of Alabama 1975, to provide a nonrefundable income tax credit for a certain percentage of qualifying investment in each new broadband telecommunication network facilitiy, as defined, in Alabama.
Subjects
Tax Credits
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 11, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |