| Alabama |
2021 |
General Economic Development |
2021 Al. SB 298 |
§ 41-23-253. |
§ 41-23-253. “(a) The Director of ADECA may establish and administer the research and development enhancement grant program for the purpose of encouraging new and continuing efforts to conduct new or expanded research and development activities within Alabama. By September 4, 2019, the director shall adopt rules and policies to administer the program and begin to accept applications for grants, and shall adopt such rules as may be necessary to meet the future needs of the grant program.“(b) The program shall be administered pursuant to policies developed by ADECA in compliance with this article. The policies shall provide for the awarding of grants to Alabama research entities that have qualified research expenses in Alabama in a fiscal year exceeding a base amount. [...]“(g) Funding awards will be made based on the competitive scoring system developed by ADECA. Partial awards may be made at ADECA’s discretion if funds do not allow a full award to be made. Scoring to be developed by ADECA will consider the following:“(1) New research.“(2) The amount of financial commitment of an industry partner.“(3) Research to benefit Alabama business and industry.“(4) Research to benefit small- and medium-sized business and industry.“(5) New and continuing efforts to conduct new or expanded research and development activities within Alabama.“(6) Research to improve the employment opportunities available to the residents of the state.“(7) Research to improve the products and services available to the residents of the state.“(8) Other criteria, as appropriate. |
N |
N |
Y |
| Alabama |
2021 |
General law: Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act |
2021 Al. HB 473 |
|
Section 1.This act shall be known and may be cited as the Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.Section 6.(a) Each growth fund shall submit a report to the department on or before the fifth business day after the first anniversary of the closing date prior to program exit and include all of the following:(1) A bank statement evidencing each growth investment.(2) The name, location, and industry of each growth business receiving a growth investment, including thewritten opinion if provided by the department pursuant to subsection (b) of Section 4.(3) The number of high wage employment positions at each growth business on the date of the growthfund’s initial growth investment as evidenced on a payroll report certified by the growth business.(b) Thereafter, if not previously provided pursuant to subsection (a), each growth fund shall submit a report to the department on or before April 15 of each year prior to program exit and include all of the following unless previously provided:(1) A bank statement evidencing each growth investment.(2) The name, location, and industry of each growth business receiving a growth investment, including the written opinion if provided by the department pursuant to subsection (b) of Section 4.(3) The number of high wage employment positions at each growth business on the date of the growth fund’s initial growth investment as evidenced on a payroll report certified by the growth business.(4) The number of new annual jobs and jobs retained at each growth business as of December 31 of the prior calendar year as evidenced on a payroll report certified by the growth business.(5) The average annual salary of the positions described in subdivisions (3) and (4).(6) The cumulative amount of growth investments made in growth businesses.(7) Financial statements for the preceding calendar year audited by an independent certified public accounting firm, which shall include an opinion of, or an agreed upon procedures letter issued by, the independent certified public accounting firm as to the growth fund’s compliance with the requirements of this act.(8) The amount of follow-on capital attracted by the growth business as certified by the growth business. (9) Any other information required by the department.(10) A five thousand dollar ($5,000) annual fee.(c) The growth fund shall use best efforts to obtain and provide information with respect to growth investments that have been redeemed or repaid as part of the annual report set forth in subsection (b) and shall provide the information if available.Section 7.The department shall report to the Legislature beginning in 2023, pursuant to the provisions of Section 40- 1-50, Code of Alabama 1975, and rules adopted by the Department of Revenue, providing an assessment of the incentives allowed in this. |
N |
N |
Y |
| Alabama |
2021 |
General law: Connect Alabama Act of 2021 |
Connect Alabama Act of 2021, 2021 Al. SB 215 |
|
Section 1.This act shall be known and may be cited as the Connect Alabama Act of 2021.Section 2.For the purposes of this act, the following terms shall have the following meanings:(1) ADECA. The Alabama Department of Economic and Community Affairs.(2) AUTHORITY. The Alabama Digital Expansion Authority.(3) CONNECT ALABAMA FUND. A fund created within the State Treasury to be administered by the Alabama Digital Expansion Finance Corporation, with funds distributed by the corporation to ADECA for use by the division for the implementation and administration of the statewide connectivity plan. [...]Section 4.(a) The Alabama Digital Expansion Division is created as a division of ADECA. The division shall be run by a division chief, who shall be appointed by the Director of ADECA, with the approval of the Governor, from a list of three nominees submitted by the authority. The division chief shall report to, and be under the direct supervision of, the Director of ADECA. The division chief shall carry out the functions and duties of the division. The division chief shall be knowledgeable in matters relating to broadband and shall have no financial interest in any broadband or related business or enterprise which would conflict or be inconsistent with his or her duties as division chief. The division chief shall be employed in the exempt service. [...]Section 12.(a) Beginning one year from the effective date of this act, and in conjunction with the annual meeting of the authority and the Alabama Rural Broadband Oversight Committee, as provided for in Section 3(e), ADECA shall provide a report to the Legislature on all of the following:(1) A summary of the goals and objectives relating to the statewide connectivity plan and progress made toward achievement of those goals and objectives.(2) The amount and source of funds received and the participation and status of grants awarded under this act.(3) A summary of all other related activities of the division as required under this act. (b) ADECA shall publish the reports required under subsection (a) on its public website. |
N |
Y |
N |
| Alabama |
2021 |
Department of Economic and Community Affairs programs |
2021 Al. HB 540 |
Section 41-10-46.01. |
Section 41-10-46.01 Code of Alabama 1975, is amended to read as follows:Section 41-10-46.01.(a) Any qualified fund may invest at least three percent of its corpus in one or more approved opportunity funds.(b) The following terms shall have the following meanings:(1) “ADECA” shall mean the Department of Economic and Community Affairs.(2) “Approved opportunity fund” shall mean any fund approved by ADECA as meeting all of the following:a. ADECA determines that the fund has the capacity to improve Alabama’s low-income opportunity zone communities by approving an application showing all of the following:1. The amount of existing committed capital or potential to raise committed capital.2. The investment track record or strength of the applicant’s management team.3. The existing project pipeline or strategy for developing new pipeline.4. The fund structure and anticipated returns within that fund structure.5. The presence of sound legal, accounting, and compliance policies and procedures.6. A strategy for measuring, tracking, and annual reporting to ADECA on how the approved opportunity fund is achieving investment outcomes set forth in its applications.7. One or more clear and demonstrable partnerships with local or statewide public or nonprofit entities to ensure community engagement.b. ADECA determines that the fund has committed to deploying a substantial portion of its capital into qualified opportunity zone property in Alabama within one or more of the following asset classes:1. Rural areas described in Section 40-18-376.1(a).2. Technology companies which meet all the criteria in Section 40-18-376.3(c), or facilities to house such companies.3. Companies or projects described in Section 40-18-372(1), or facilities to house such companies or projects.4. Workforce training.5. Affordable housing, in which case the burden shall be on the fund to demonstrate rent levels charged and why those rents are appropriate for a particular geographic area.6. Remediation of blighted or abandoned property, in which case the burden shall be on the fund to demonstrate why targeted properties qualify as blighted or abandoned.7. Revitalization of distressed urban neighborhoods, in which case the burden shall be on the fund to demonstrate why a neighborhood is distressed and why its investment strategy will revitalize the neighborhood.8. Companies or projects that will have substantial, measurable impact on social, environmental, or economic conditions in low-income areas, or facilities to house such companies or projects, in which case the burden shall be on the fund to demonstrate why such companies or projects will have such substantial effects.c. In addition, ADECA may determine that a fund meets paragraph b. if it can demonstrate that it will create substantial wealth within and for residents of Alabama’s low-income and rural communities and will directly track the wealth created.d. The fund commits to investing at least 75 percent of its committed capital in qualified opportunity zone property located in Alabama. ADECA shall adopt rules for determining whether an investment in a corporation or partnership should be considered to be located in Alabama. For purposes of this paragraph, “qualified opportunity zone property” shall have the meaning given to it in 26 U.S.C. § 1400Z-2(d)(2), and shall also include a property located in a low-income community as defined by 26 U.S.C. § 45 (D)(e).(3) “Qualified funds” are each of the following:a. The Alabama Trust Fund created by Amendment No. 450 to the Constitution of Alabama of 1901, now appearing as Section 219.02 of the Official Recompilation of the Constitution of Alabama of 1901, as amended.b. The Alabama Game and Fish Fund created by Section 9-2-20, the Alabama Game and Fish Endowment Fund created by Section 9-2-20.1, and the Alabama Nongame Wildlife Endowment created by Section 9-2-20.2.c. The Alabama Marine Resources Endowment Fund created by Section 9-11-23 and the Marine Resources Fund referred to in that section.d. The Alabama Corrections Institution Finance Authority funds referred to in Chapter 2 of Title 14.e. The Public Health Finance Authority funds described in Chapter 3A of Title 22.f. The Public Road and Bridge funds described in Chapter 6 of Title 23.g. The Unemployment Compensation Trust Fund created by Section 25-4-30.h. The Mental Health Finance Authority funds described in Article 11 of Chapter 10 of Title 41.i. The Incentives Financing Authority funds described in Division 1 of Article 16 of Chapter 10 of Title 41.j. The Alabama Senior Services Trust Fund created by Section 41-15C-1.k. Any fund of funds representing two or more of the funds listed in paragraphs a. through j.(c) ADECA may charge application fees for the powers and responsibilities delegated to it herein, and it may charge fees for its financial and oversight audits of the funds. ADECA may retain consultants to assist it with the powers and responsibilities delegated to it herein. |
N |
N |
Y |
| Alabama |
2021 |
Alabama Innovation Fund |
2021 Al. HB 540 |
§ 41-10-807. |
b. Pursuing and supporting commercialization, entrepreneurship, research and development, and technology transfer facilities, funding, incentives, partnerships, events and programs including, but not limited to, all of the following: [...]c. Incentivizing and providing funding to innovative businesses or programs that support innovation in this state’s economy including, but not limited to, the following:1. Assisting recipients of Small Business Innovation Research and Small Business Technology Transfer Research funding.2. Encouraging pre-seed, seed, venture capital, and private equity funding activity in this state.3. Supporting community development financial institutions that serve residents of this state.4. Supporting qualified STEM teachers and technology staff teaching and working in rural or otherwise under-performing or under-resourced schools in this state. [...](6) Make and enter into contracts, leases, agreements, and take other actions as may in its judgment be necessary or desirable to accomplish any purpose, and to exercise any power necessary for the accomplishment of the purposes of the corporation or incidental to the powers expressly set forth in this article. [...](10) Lend its credit to, or grant public monies and things of value in aid of or to, any individual, firm, corporation, or other business entity, public or private, as may in its judgment be necessary or desirable to accomplish any purpose of the corporation or incidental to the powers expressly set forth in this article. [...](c) The board may enter into agreements with one or more economic development and innovation entities to exercise all powers of the corporation, so long as, all of the following:(1) The agreement requires regular reporting to the corporation by the economic development and innovation entity.§ 41-10-807. Alabama Innovation Fund management. [...](c) The board shall cause an annual audit of the fund to be performed for each fiscal year by the Department of Examiners of Public Accounts or, in the discretion of the board, by an independent certified public accounting firm. The report of the audit shall be prepared in accordance with applicable accounting principles. The board shall cause to be prepared and publicized financial and other information concerning the fund, as may from time to time be provided by law duly enacted by the Legislature, but in the absence of any law directing the preparation and publication of different reports, the board shall cause to be prepared and made public, within 30 days after the end of each quarterly period in each fiscal year, a report containing all of the following:(1) A statement of the capital then held in the fund showing any changes since the last quarterly report. (2) A statement of the trust income received during the quarterly period in question.(3) A statement of the investments then held in the fund, including descriptions and respective values. (4) A statement of the trust income received to date during the current fiscal year.(5) Any other information determined by the board to reflect a full and complete disclosure of the financial operations of the fund.§ 41-10-810. Liberal Construction. This article shall be liberally construed to effectuate its purpose.(Next | Previous) Section 2. The Alabama Innovation Corporation shall report to the Legislature beginning in 2023, pursuant to the provisions of Section 40-1-50, Code of Alabama 1975 an assessment of the corporation efforts to accomplish the goals pursuant to this act. |
N |
N |
Y |
| Alabama |
2019 |
Alabama Innovation Act |
Alabama Innovation Act, 2019 Al. SB 78 |
|
Section 1.This act shall be known as the “Alabama Innovation Act”. Section 4. [...](e) The first annual commencement date to submit grant applications shall be within ninety days of the effective date of this act, and shall be March 1 in each subsequent year. ADECA shall accept applications within a 150-day grant window after the annual commencement date. Applications for eligible expenses will be evaluated according to a scoring system developed by ADECA that incorporates the priorities listed in this section, with grant awards published within ninety days after expiration of the filing window.Section 5.(a) There is created the Alabama Research and Development Enhancement Oversight Committee. The oversight committee shall consist of the Chair of the House Ways and Means Education Committee or designee, the Chair of the Senate Finance and Taxation Education Committee or designee, two members appointed by the Speaker of the House of Representatives, two members appointed by the President Pro Tempore of the Senate, and the Director of ADECA or his or her designee. The oversight committee shall be charged with meeting at least annually and providing general oversight of the implementation of this act and the grant awards determinations, and recommending further statutory changes to promote research and development within Alabama.(b) The committee shall reflect the racial, gender, geographic, urban/rural, and economic diversity of the state.(c) For any year in which grants are distributed under the program, ADECA shall produce a quarterly report on the awarded grants and the status of grants under the program to the Oversight Committee, including progress toward increased research and development activities in Alabama. The report shall also be published on ADECA’s website provided however that the details of any specific research project shall not be published on the ADECA website without the express written permission of the research entity applying for or receiving the grant. Within 12 months of the effective date of this act, ADECA shall produce a report on the increased research and development activities supported by grant funds. |
N |
Y |
N |
| Alabama |
2019 |
Growing Alabama Credits |
2019 Al. HB 540 |
§ 40-18-6.1. |
§ 40-18-412. “(a) Following a review, if the Department of Commerce should approve the application,provided in Section 40-18-411(a), it shall forward the application to the Renewal of Alabama Commission.“(b) The Renewal of Alabama Commission shall consider the application and shall approve it if it deems it worthy of approval. As to improvements at industrial sites, the Commission shall give preference to sites with at least 1,000 acres of available space. As to applications for projects located in communities which have the potential to provide additional funding separate from the Growing Alabama Credits, the commission shall take into consideration whether such separate funding is to be provided to the project which is the subject of the application. Meetings of the commission are subject to Chapter 25A of Title 36. Notwithstanding the foregoing, the commission may meet by telephone or some other telecommunications device so long as members of the public are allowed the opportunity to listen to or otherwise observe the commission’s deliberations. [...](f) The Department of Commerce shall publish on its website a list of all approved applications, and, a list of the economic development organizations which made the approved applications.§ 40-18-6.1. (h) ADECA shall report to the Legislature in the third year following passage of this act, and annually thereafter, on the overall economic activity, usage, and impact to the state from opportunity fund investments for which impact investment tax credits have been allowed. The information in the reports shall be consistent with the information required by the Legislature pursuant to, and shall be provided by ADECA to the Legislature in accordance with, Section 40-1-50, and rules adopted thereunder. Information provided pursuant to this section is exempt from the confidentiality provisions of Section 40-2A-10. |
N |
Y |
N |
| Alabama |
2018 |
General Economic Development |
2018 Al. HB 317 |
§ 41-29-3. |
§ 41-29-3. “(a) (1) The Secretary of Commerce shall be notified in writing about the general parameters of a project if an entity is considering locating or expanding a facility at a site within this state and intends to claim any of the incentives provided by the State of Alabama that are described in subdivision (2) (the “required notification”). The required notification should be made as soon as the project’s parameters are generally known or when a site or sites have been identified by a project entity or a visit is made to the State of Alabama by the project entity or its representative. The initial required notification may be made on an anonymous basis (i.e., “Project Alpha”) in order to protect the confidentiality of a proposed project. Upon timely notifying the secretary within the time frame specified in this subdivision, the secretary shall transmit a letter to the project entity or its representative acknowledging receipt of the required notification (the “notification acknowledgment letter”).(2) The required notification set forth in subdivision (1) applies to any of the following:“a. The jobs credit provided for by Section 40-18-375.“b. The investment credit provided for by Section 40-18-376.“c. Any action by a local government body pursuant to Amendment 772 of the Constitution of Alabama of 1901, or local amendment of similar effect.“d. Any abatement of taxes pursuant to Chapters 9B or 9G of Title 40.“e. The port credit provided for by Section 40-18-403.“f. The growing Alabama credit provided for by Section 40-18-413.“g. Site preparation grants pursuant to Article 5 of Chapter 29 of Title 41.“h. Funding for access roads and bridges through the Alabama Industrial Access Road and Bridge Corporation pursuant to Chapter 6 of Title 23.“i. Training or other assistance from the Alabama Industrial Development Training Program.“j. Any grant of federal funds administered or otherwise involving any state or local government, agency, department, body, or other entity, related to the location or expansion of a facility at a site within this state.k. Any direct or indirect cash payment for a project from the State of Alabama related to the location or expansion of a facility within this state, whether in the form of an in-kind contribution of a site, building, or equipment, or otherwise.“(3) Unless the secretary should specially determine to the contrary, the notification set forth in subdivision (1) shall be available for public inspection two years after a project entity publicly commits to a site for development, whether the publicly-committed site is in this state or elsewhere.(3) Unless the secretary should specially determine to the contrary, the notification set forth in subdivision (1) shall be available for public inspection two years after a project entity publicly commits to a site for development, whether the publicly-committed site is in this state or elsewhere.(b) Except as provided in Chapter 25A of Title 36 and any constitutional or statutory disclosure requirements for obtaining the economic develop incentives listed in subdivision (2) of subsection (a), all information concerning a proposed project seeking an economic development incentive which is provided to any state or local government, agency, department, or other entity seeking an economic development incentive shall be confidential. Any state or local government, agency, department, or other entity, or the secretary on their behalf is authorized to enter into a confidentiality agreement with a project entity which prohibits the disclosure of the identity of the prospective entity and any information obtained, whether orally or in writing, about the entity’s proposed project. Unless the secretary should specially determine to the contrary, such confidentiality agreements shall terminate two years after a project entity publicly commits to a site for development in this state.Provided, however, such confidentiality agreements shall not supersede or conflict with statutory provisions requiring either of the following:“(1) Notice to the entities for which a governmental body or board intends to abate taxes.“(2) Public disclosure of information for applications for governmental approvals such as permits.“(c) The secretary may adopt rules to implement this section. |
N |
N |
Y |
| Alabama |
2018 |
Alabama Broadband Accessibility Act |
2018 Al. SB 149 |
|
Section 1.This act shall be known and may be cited as the “Alabama Broadband Accessibility Act.” Section 4.[...](c) There is hereby created the Alabama Broadband Accessibility Fund in the State Treasury. The fund is subject to appropriations by the legislature and gifts, grants, and other donations received by ADECA for the broadband accessibility grant program or fund. ADECA may not spend appropriations for the program for purposes other than those listed in this section. Any monies appropriated to ADECA for broadband grants that are unspent at the end of a fiscal year shall be carried over for use by the program in the next fiscal year. ADECA shall develop rules ensuring that expenses incurred to administer the program must not exceed three percent (3%) of the total amount appropriated for the program in any fiscal year. Moneys in the fund shall be invested by the State Treasurer for the sole benefit of the fund.(d) Individual grants awarded by ADECA under this section may only be awarded for projects in unserved areas, and may not exceed the lesser of: (1) twenty percent of the project costs or (2) Seven hundred fifty thousand dollars ($750,000) for projects that will result in transmitting broadband signals at speeds of at least 10 megabits per second of download speed and one megabit per second of upload speed; or one million four hundred thousand dollars ($1,400,000) for projects that will result in transmitting broadband signals at speeds of at least 25 megabits per second of download speed and three megabits per second of upload speed. Grants may be given to any qualified entity pursuant to subsection (b) that meets the service criteria for expenditures after the effective date of this chapter. ADECA shall ensure that not less than 40% of funds appropriated for grants be utilized in unincorporated areas of the state. Subject to such limitations, grants shall be awarded pursuant to the service criteria developed by ADECA, with priority given to projects that:(1) Seek to leverage grant funds through private investment and extension of existing infrastructure;(2) Serve locations with demonstrated community support, including, but not limited to, documented supportfrom local government;(3) Demonstrate the operator’s technical and managerial capabilities to complete the project within two years of the grant;(4) Demonstrate the applicants’ necessary financial resources;(5) Are most cost effective and technically efficient in that they propose to serve the highest number of unserved homes, businesses and community anchor points for the least cost and best level of service, emphasizing projects including the highest broadband speeds; [...](e) The first annual commencement date to submit grant applications shall be within sixty days of the effective date of this act, and shall be March 1 in each subsequent year. ADECA shall accept applications within a 150-day grant window after the annual commencement date. Applications for eligible projects will be evaluated according to a scoring system developed by ADECA that incorporates the priorities listed in this section, with grant awards published within ninety days after expiration of the filing window. Grant applications shall be published by ADECA on the internet at the end of the filing window, and existing service providers shall have thirty days from the date of publication to file objections to the eligibility of a proposed project. ADECA shall address any objections within thirty days of submission and shall make any appropriate changes to grant awards based on a finding of ineligibility resulting from such protest. Subject to such protest procedure, grants issued by ADECA shall be conditioned upon compliance with the terms of the grant but shall not otherwise be revocable. Providers’ grants shall be paid within 30 days upon ADECA receiving written certification of the completion of the project and evidence of compliance with the terms of the grant as prescribed by ADECA.(f) Grants shall be conditioned on project completion within two years of awarding of the grant.Section 5.(a) There is created the Alabama Rural Broadband Oversight Committee. The oversight committee shall consist of the Chair of the House Ways and Means Education Committee or designee, the Chair of the Senate Finance and Taxation Education Committee or designee, two members appointed by the Speaker of the House of Representatives, two members appointed by the President Pro Tempore of the Senate, and the Director of ADECA or his or her designee. The oversight committee shall be charged with meeting at least annually and providing general oversight of the implementation and recommending further statutory changes to promote rural broadband development.(b) The committee shall reflect the racial, gender, geographic, urban/rural, and economic diversity of the state.(c) For any year in which grants are distributed under the program, ADECA shall produce a quarterly report on the status of grants under the program to the Oversight Committee, including progress toward increased access to and adoption of broadband services. The report shall also be published on ADECA’s website. Within 12 months of the effective date of this act, ADECA shall produce a report on the availability of broadband within the state. |
N |
N |
Y |
| Alabama |
2017 |
General Economic Development |
2017 Al. SB 4 |
Code of Alabama. § 29-5A-46. |
§ 29-5A-46. [...]The Fiscal Division shall prepare and submit an annual report to the Legislature which lists all state tax expenditures and the estimated cost associated with each of the tax expenditures. For purposes of this section, tax expenditures means those state revenue losses attributable to the provisions of the constitution, state tax statutes, or rules promulgated pursuant to the statutes, which allow a special exclusion, exemption, or deduction, or which provide a special credit or preferential tax rate. |
N |
N |
Y |
| Alabama |
2016 |
General Economic Development |
2016 Al. SB 208 |
|
Section 1.(a) For the purpose of this section, the term “economic tax incentive” shall mean any tax credits, deductions, exemptions, abatements, preferential rates, or rebates given as an economic incentive. For the purpose of this section, the term “economic incentive” shall mean an inducement provided by the government, where the government promises to forgo tax revenues to which it is otherwise entitled or to provide some other benefit to an individual or an entity and in exchange the individual or entity promises to take specific action that contributes to economic development. In order for the Legislature to get accurate and complete information regarding the costs and benefits of economic tax incentives, each state agency that administers an economic tax incentive shall annually report the information required herein to the Legislature.(b) The head of each state agency that administers any economic tax incentive shall prepare and submit to the Legislature a report regarding each economic tax incentive that the agency administers as set forth in the schedule provided by the Alabama Department of Revenue pursuant to subsection (f)(2) no later than the second Legislative day of the Regular Session beginning in the 2018 Regular Session of the Legislature and each year thereafter. The report shall include an assessment of each economic tax incentive based on the following criteria:(1) Whether or not each economic tax incentive has been successful in meeting the purpose for which it was enacted, in particular, whether each economic tax incentive benefits those originally intended to be benefited, and if not, those who do benefit.(2) Whether or not the state receives a positive return on investment, specifically the direct and indirect impact on state and local tax revenues, from the business or industry for which the economic tax incentive is intended to benefit and any other economic benefits produced by such tax incentive.(3) The economic results of each economic tax incentive, taking into account the extent to which the incentive successfully changes business behavior, and the unintended or inadvertent effects, benefits, or harm caused by the economic tax incentive, including whether the economic tax incentive conflicts with other state laws or regulations.[...](f)(1) The Department of Revenue shall develop a format for reports required herein. The format shall bemade available to all state agencies for use in preparation of their required reports.(2) The Department of Revenue shall prepare, every four years, a four-year schedule of the economic taxincentives to be reported to the Legislature beginning with the 2018 Regular Session of the Legislature. (3) The Department of Revenue shall provide state agencies with any tax information necessary tocomplete the required report relating to an economic tax incentive of such agency.(g) The House Ways and Means Committees and the Senate Finance and Taxation Committees referred to in this subsection as “committees”, shall conduct hearings on the reports every odd-numbered year, to be concluded thirty days before the beginning of the Regular Session of the Legislature. The committees shall analyze and consider each economic tax incentive and shall provide a recommendation to modify, discontinue, or take no action with respect to each economic tax incentive. |
N |
N |
Y |
| Alabama |
2016 |
County Economic Development |
2016 Al. SB 303 |
§ 45-36-162. |
§ 45-36-162. “Any payments coming into the treasury of Jackson County that are derived, directly or indirectly, from payments by the Tennessee Valley Authority in lieu of payment of taxes shall be appropriated as follows:“(1) One percent to the Jackson County Economic Development Fund paid to the fund monthly until it reaches a balance of one million dollars ($1,000,000); the payments shall continue whenever the balance in the fund drops below one million dollars ($1,000,000). The county commission may invest the funds to the benefit of local governments and entities in the county, in its discretion, and expend the same for disaster relief in the county or for any economic purpose that benefits the county, including, but not limited to, any activity or purpose which provides an incentive for the creation or retention of jobs and employment opportunities in the county; participating local governments or entities may apply for the funds for these purposes. It is the intent of this appropriation for the Jackson County Economic Development Fund to be used for recruiting industry; matching public or private grants the county may receive for industrial development; and special projects for site preparation, surveying, archaeological or geotechnical studies, or other direct expenses necessary to recruit industry to the county. [...](8) An annual accounting of the use of the funds appropriated in subdivisions (2), (3), (4), (5), (6), and (7) shall be furnished to the Jackson County Commission no later than September 30 of each year. In the event an annual accounting is not furnished, the commission may reduce or terminate funding for the next fiscal year for the entity failing to furnish the report by a majority vote of the commission. All resulting excess money shall then be transferred to the general fund of the county. |
N |
N |
Y |
| Alabama |
2016 |
General Economic Development |
2016 Al. HB 34 |
Code of Alabama. § 40-18-412. |
§ 40-18-412. (a) Following a review, if the Department of Commerce should approve the application, it shall forward the application to the Renewal of Alabama Commission. [...](d) Following approval by the commission, the Department of Commerce shall enter into an agreement with the local economic development organization, and the agreement shall do all of the following:(1) Require the local economic development organization to use funding received as a result of this law only for the purposes approved by the commission as expressed in the agreement.(2) Require the local economic development organization to make periodic reports, not more often than annually, to the Department of Commerce and the commission, as required by the commission, on the disposition of the funds, the marketing of the site, and the ultimate use of the site until such time as it makes a final report.(3) Require the local economic development organization to provide a review of its financial accounts as directed by the Renewal Commission. |
N |
N |
Y |
| Alabama |
2015 |
General Economic Development |
2015 Al. SB 132 |
§ 36-25A-2. |
§ 36-25A-2. [...]b. The term “meeting” shall not include: [...]3. Notwithstanding subparagraph 1., occasions when two members of a governmental body, including two members of a governmental body which has three members, gather for the sole purpose of exchanging background and education information or for the sole purpose of discussing an economic, industrial, or commercial prospect or incentive that does not include a conclusion as to recommendations, policy, decision, or final action on the terms or request or an offer of public financial resources. |
N |
|
|
| Alabama |
2015 |
General Economic Development |
2015 Al. SB 21 |
§ 36-25A-2. |
§ 36-25A-2. (6) MEETING. [...]b. The term “meeting” shall not include:1. Occasions when a quorum of a governmental body, committee, or subcommittee attends social gatherings, conventions, conferences, training programs, press conferences, media events, association meetings and events or gathers for on-site inspections or meetings with applicants for economic incentives or assistance from the governmental body, or otherwise gathers so long as the subcommittee, committee, or full governmental body does not deliberate specific matters that, at the time of the exchange, the participating members expect to come before the subcommittee, committee, or full governmental body at a later date. |
N |
|
|
| Alabama |
2015 |
General Economic Development |
2015 Al. SB 119 |
|
Section 1.(a) Beginning in 2017 Regular Session of the Legislature, the Legislative Fiscal Office shall prepare and submit an annual report to the Legislature which lists all state tax expenditures and the estimated cost associated with each of the tax expenditures. For purposes of this act, “tax expenditures” means those state revenue losses attributable to the provisions of the constitution, state tax statutes or rules promulgated pursuant to the statutes, which allow a special exclusion, exemption or deduction, or which provide a special credit or preferential tax rate. The report shall be organized according to the funds into which the tax expenditures would be dedicated but for the exemptions and rate differentials. The report shall be submitted at the same time that the Governor is required to submit his or her budget proposal to the Legislature.(b) The annual tax expenditure report shall include the following:(1) Each tax exemption and its constitutional and/or statutory citation.(2) An estimate of the revenue loss to the state caused by each of the tax expenditures for the most recently completed fiscal year.(c) The Legislative Fiscal Office is authorized to request and receive from the Department of Revenue or any other state or local agency or official any information necessary to complete the report required by this act. Such information shall be subject to the confidentiality and disclosure provisions of Code of Alabama 1975 however, these provisions shall not prevent the aggregation and disclosure of any information necessary to transparently complete the report required by this Act. In the event that lack of information prevents the Legislative Fiscal Office from making a reasonable estimate for any tax expenditure, the Legislative Fiscal Office shall list the expenditure with a notation that an estimate cannot be determined. |
N |
N |
Y |
| Alabama |
2015 |
Alabama Transportation Infrastructure Bank |
2015 Al. SB 111 |
|
Section 15.Following the close of each state fiscal year, the bank shall submit an annual report of its activities for the preceding year to the Governor and to the Legislature. The bank also shall submit an annual report to the appropriate federal agency in accordance with requirements of any federal program. An independent certified public accountant shall perform an audit of the books and accounts of the bank at least once in each state fiscal year. |
N |
N |
Y |
| Alabama |
2015 |
Accelerate Alabama Fund |
Alabama Veterans and Targeted Counties Act, 2015 Al. HB 57 |
Code of Alabama. § 40-18-376.2. |
§ 40-18-376.2.(a) The provisions in this section shall apply to any incentivized company that employed, in the prior year, at least 12 percent of its eligible employees as veterans who received an honorable or general discharge. The calculation of the percentage of eligible employees who are veterans shall be made using the method provided in a project agreement.§ 41-10-45.5.(a) The authority shall make an annual report to the legislature as to the loans granted during, or outstanding at the end of, each fiscal year. The report shall be due on the fifth legislative day of each regular session and shall state, for each qualifying project, the county in which it is located, the name of the qualifying borrower, the outstanding principal amount of the loan and the maturity date of the loan. |
Y |
N |
Y |
| Alabama |
2015 |
General Economic Development |
Alabama Jobs Act, 2015 Al. HB 58 |
Code of Alabama. § 40-18-370, § 40-18-379 |
§ 40-18-377.(a) After its execution, the Department of Commerce shall forward to the Department of Revenue acopy of any project agreement that allows an incentivized company to claim a Jobs Act Incentive. (b) Jobs Act Incentives shall not be considered securities under Section 8-6-2(10)§ 40-18-378. [...](2) The Secretary of Commerce may report to the Department of Revenue any failure of an incentivized company to meet the jobs, wage or investment requirements specified in the project agreement. The report will be made by March 31 of the year following the calendar year in which the failure occurs and shall contain sufficient information for the Department of Revenue to calculate the unearned portion of the jobs credit or investment credit. The underpayment of the applicable tax will be deemed to have occurred upon the filing of the report. The report shall be treated as the filing of a return by the incentivized company for purposes of any applicable period of limitation.§ 40-18-379. (a) There is hereby created a permanent Joint Legislative Advisory Committee on Economic Incentives, hereinafter referred to as the committee. […] (f) The Department of Commerce shall provide to the committee, upon request, an aggregated list of the amounts and types of economic development incentives awarded, as well as an analysis of the cost and benefits of the incentives awarded. The Department of Revenue shall assist the Department of Commerce in the calculations required in this section.(g) The committee shall make an annual report of its findings and recommendations to the Legislature during each regular session, and in its discretion may submit additional reports from time to time, or at any time. [...] (i) Meetings of the committee are exempt from Chapter 25A of Title 36, provided that the minutes of each meeting shall be made available for public inspection. In order to balance the privacy needs of economic development negotiations with openness to the public, the committee may use code names in its deliberations about various applicants and in the minutes of its proceedings. [...] |
N |
Y |
Y |
| Alabama |
2015 |
General Economic Development |
2015 Al. HB 554 |
Code of Alabama. § 41-29-3. |
§ 41-29-3. (a) (1) The Secretary of Commerce shall be notified, either orally or in writing, about the general parameters of a project if an entity is considering locating or expanding a facility at a site within this state and intends to claim any of the incentives provided by the State of Alabama that are described in subdivision (2). (2) The required notification set forth in subdivision (1) applies to (i) capital investment credits pursuant to Act 95-187, as amended; (ii) site preparation grants pursuant to Act 91-635, as amended; (iii) funding for access roads and bridges through the Alabama Industrial Access Road and Bridge Corporation pursuant to Act 85-549, as amended; (iv) training or other assistance from the Alabama Industrial Development Training Program where the annual expenditures of cash is estimated to be in excess of one million dollars ($1,000,000); and (v) any direct or indirect cash payment for a project from the State of Alabama, whether in the form of an in-kind contribution of a site, building, or equipment, or otherwise. b) All information concerning a proposed project which is provided to the secretary and the Department of Commerce shall be confidential. The secretary is authorized to enter into a confidentiality agreement with a prospective entity which prohibits the disclosure of the identity of the prospective entity and any information obtained, whether orally or in writing, about the entity’s proposed project. |
N |
|
|
| Alabama |
2014 |
General Economic Development |
2014 Al. SB 173 |
|
(a) The state, a county, a municipality, any other governmental entity, or any quasi-governmental entity, following the purchase of any real property with public funds for any reason, shall disclose information concerning the purchase within 60 days following the purchase. If the purchase is tied to a specific economic development project, disclosure is not required until 60 days following the announcement of the project. [...] (c) The disclosure required by subsection (a) shall be made via a report available to the public, shall be attached to the minutes for the next scheduled meeting of the body following the purchase, and, if the body maintains a website, shall be published on the website in a manner conspicuous to the public. |
N |
Y |
Y |
| Alabama |
2013 |
General Economic Development |
2013 Al. HB 419 |
|
Section 1. [...](b) (1) The Department of Revenue shall issue a certificate of exemption to the governmental entity for each tax exempt project.(2) The Department of Revenue shall grant a certificate of exemption from state and local sales and use taxes to any contractor licensed by the State Licensing Board for General Contractors, or any subcontractor working under the same contract, for the purchase of building materials, construction materials and supplies, and other tangible personal property that becomes part of the structure that is the subject of a written contract for the construction of a building or other project, not to include any contract for the construction of any highway, road, or bridge, for and on behalf of a governmental entity which is exempt from the payment of sales and use taxes.(c) The use of a certificate of exemption for the purchase of tangible personal property pursuant to this section shall include only tangible personal property that becomes part of the structure that is the subject of the construction contract. Any contractor or subcontractor purchasing any tangible personal property pursuant to a certificate of exemption shall maintain an accurate cost accounting of the purchase and use of the property in the construction of the project.(d) A contractor who has an exemption from sales and use tax for the purchase of materials to use on a government project shall file, in a manner as prescribed by the department, reports of all exempt purchases. The reports shall be filed as a prerequisite to renewal of a certificate of exemption. |
N |
N |
Y |
| Alabama |
2012 |
General Economic Development |
Alabama Data Processing Center Economic Incentive Enhancement Act of 2012, 2012 Al. HB 154 |
Code of Alabama. § 40-18-193. |
§ 40-18-193. [...](a) It shall be a condition to the receipt of a capital credit that: (1) For a qualifying project described in Section 40-18-190(a)(13)c., not less than 50 jobs for new employees at the qualifying project be provided commencing with the date which is not later than one year after the qualifying project is placed in service and that the average wages for all new employees at the qualifying project be not less than the base wage requirement by the date which is not later than one year after the qualifying project is placed in service and during each year during which all or any part of the capital credit is available with respect to the qualifying project. (2) For a qualifying project described in Section 40-18-190(a)(13)i., not less than 50 jobs for new employees at the qualifying project be provided commencing with the date which is not later than two years after the qualifying project is placed in service and that the average wages for all new employees at the qualifying project be not less than the base wage requirement by the date which is not later than two years after the qualifying project is placed in service and during each year during which all or any part of the capital credit is available with respect to the qualifying project. |
N |
N |
Y |
| Alabama |
2012 |
General law: "Beason-Hammon Alabama Taxpayer and Citizen Protection Act, 2011" |
2012 Al. HB 658 |
Section 31-13-9. |
Section 31-13-9. [...] (c) [...] Furthermore, during the performance of the contract, the subcontractor shall participate in the E-Verify program and shall verify every employee that is required to be verified according to the applicable federal rules and regulations. This subsection shall only apply to subcontractors performing work on a project subject to the provisions of this section and not to collateral persons or business entities hired by the subcontractor. |
N |
N |
Y |
| Alabama |
2011 |
General law: "Tariff Credit Act of 2011" |
2011 Al. SB 477 |
|
Section 1.This article shall be known as the Tariff Credit Act of 2011. [...]Section 2.As used in this act, the following terms shall have the following meanings: [...](10) QUALIFYING INVESTMENT. As used herein, the term “qualifying investment” means the undertaking by one or more investing companies of a qualifying project.(11) QUALIFYING PROJECT. As used herein, the term “qualifying project” means a project to be sponsored or undertaken by one or more investing companies that shall have a capital cost of not less than one hundred million dollars ($ 100,000,000), and at which the predominant trade or business activity conducted will constitute industrial, warehousing, or research activity, and which is expected to employ the minimum employment level. Section 8. The department shall report annually to the Legislature and the public as to qualifying projects with respect to which tariff credits are claimed during the year. The report shall be due on the fifth legislative day of each regular session and shall state the number of qualifying projects, the capital costs of each qualifying project, and the total amount of tariff credits claimed during the year. |
N |
N |
Y |
| Alabama |
2011 |
General Economic Development |
Full Employment Act of 2011, 2011 Al. HB 230 |
|
Section 4. (a) An Alabama income and financial institution excise tax credit is hereby established for small businesses that create new jobs paying more than ten dollars ($ 10) per hour. The credit shall equal one thousand dollars ($ 1,000) and shall be available in the tax year during which the employee has completed 12 months of consecutive employment.(b) The employer must have a net increase in the total number of full time employees in Alabama on the last date of each tax year during which employees are hired for which the employer claims a credit, over the number employed in Alabama as of the last day of the tax year immediately preceding the first employment year. The increase must equal or exceed the number of newly hired employees for which a credit is sought by one employee for each newly hired employee for whom a credit is being sought for the current year, plus one employee for all employees for whom credits were claimed in prior years. |
N |
N |
Y |
| Alabama |
2011 |
General law: "Beason-Hammon Alabama Taxpayer and Citizen Protection Act, 2011" |
Beason-Hammon Alabama Taxpayer and Citizen Protection Act, 2011 Al. HB 56 |
|
Section 9. (a) As a condition for the award of any contract, grant, or incentive by the state, any political subdivision thereof, or any state-funded entity to a business entity or employer that employs one or more employees, the business entity or employer shall not knowingly employ, hire for employment, or continue to employ an unauthorized alien and shall attest to such, by sworn affidavit signed before a notary.(b) As a condition for the award of any contract, grant, or incentive by the state, any political subdivision thereof, or any state-funded entity to a business entity or employer that employs one or more employees, the business entity or employer shall provide documentation establishing that the business entity or employer is enrolled in the E-Verify program. During the performance of the contract, the business entity or employer shall participate in the E-Verify program and shall verify every employee that is required to be verified according to the applicable federal rules and regulations.(c) No subcontractor on a project paid for by contract, grant, or incentive by the state, any political subdivision thereof, or any state-funded entity shall knowingly employ, hire for employment, or continue to employ an unauthorized alien and shall attest to such by sworn affidavit signed before a notary. The subcontractor shall also enroll in the E-Verify program prior to performing any work on the project and shall attach to the sworn affidavit documentation establishing that the subcontractor is enrolled in the E-Verify program.Section 26. […] (b) On or after January 1, 2012, before receiving any contract, grant, or incentive by the state, any political subdivision thereof, or any state-funded entity, a business entity or employer shall provide proof to the state, political subdivision thereof, or state-funded entity that the business entity or employer is enrolled and is participating in the E-Verify program, either independently or through the Alabama Department of Homeland Security E-Verify employer agent service. (c) Every three months, the Alabama Department of Homeland Security shall request from the United States Department of Homeland Security a list of every business entity or employer in this state that is enrolled in the E-Verify program. On receipt of the list, the Alabama Department of Homeland Security shall make the list available on its website. |
N |
N |
Y |
| Alabama |
2010 |
Hudson-Alpha Institute for Biotechnology |
2010 Al. SB 169 |
Reenactment of Code of Alabama. § 40-9-34. |
40-9-34. [...](2) Further, in exchange for the tax exemption granted in subsection (b), the Hudson-Alpha Institute for Biotechnology shall certify to the Legislative Fiscal Office and to the House and Senate education appropriations committees on or before September 30, 2008, that the following levels of investment, employment, and property improvements have been made in the State of Alabama: |
N |
N |
Y |
| Alabama |
2009 |
Business Districts |
2009 Al. SB 613 |
|
Section 1.Legislative Intent. The establishment of a business district within Montgomery County to develop and promote for the public good and general welfare trade, commerce, industry and employment opportunities and promote the general welfare of the City, County, and state by creating a climate favorable to the location of new industry, trade and commerce. Specifically, the lack of development and determination of West Montgomery along and around the I-65 Corridor area needs to be addressed and specific goals and policies need to be developed on a joint effort between the County and the City to promote and develop such area for the public good and general welfare of the City, County, and State. Development of such a business district by financing projects under this act will develop and promote for the public good and general welfare trade, commerce, industry and employment opportunities and will promote the general welfare of the City, County, and state. It is therefore in the public interest and is beneficial to the welfare of the people of Alabama, and it is hereby declared to be the public purpose of this act, to establish the Montgomery I-65 Corridor Development Authority to promote business and economic development in Montgomery County and the State of Alabama, specifically in the areas adjacent to Interstate 65 located within Montgomery County.Although no specific mission or goals have been established in the legislative process, it is the intent of the Legislature to delegate such determinations and responsibilities to the City, County, and members of the board of directors of the Authority established hereunder.Section 17.Public Disclosure and Accountability. [...]B. Each applicant for any tax incentives or financial incentives from any local government must complete a disclosure statement as set forth in this subsection identifying all persons who may financially benefit from the applicant’s participation as a designated project of the Authority. Such statement must be submitted in the form set forth below to the Authority and to each governmental entity granting any tax or financial incentives concurrent with the request or application for any such incentives. |
N |
N |
Y |
| Alabama |
2009 |
Entertainment Industry Grants |
Entertainment Industry Incentive Act of 2009 , 2009 Al. HB 69 |
40-23-2 |
Section 2.The following is hereby found and declared by the Legislature of Alabama: [...](5) The Legislature recognizes and confirms the planning and promotion of the entertainment industry are of vital importance to the economic development of Alabama as are the recruitment, expansion, and retention of industrial development within the state, and the promotion of the entertainment industry should be included as an integral part of any comprehensive economic development strategy plan promoted by the state and state agencies.Section 7.(a) A Qualified Production Company that intends to produce all or any part of a Qualified Production project in Alabama and desires to be exempted from the payment of state sales, use, and lodging taxes levied pursuant to , 40-23-61, and 40-26-1, respectively, of the Code of Alabama 1975, shall provide an estimate of total expenditures expected to be made in Alabama in connection with the production project. The estimate of expenditures shall be filed with the Office before the commencement of the project in Alabama.(b) At the time the Qualified Production Company provides the estimate of expenditures to the Department, it also shall designate a member or representative of the company to work with the Office and the Department on reporting of expenditures and other information necessary to take advantage of the sales, use, and lodging tax exemptions afforded by this act.40-23-2 (1) An application for the sales, use, and lodging tax exemptions provided herein may be accepted only from those Qualified Production Companies that report anticipated expenditures in the State of Alabama in the aggregate equal to or exceeding one hundred fifty thousand dollars ($ 150,000) in connection with the production of one or more Qualified Production projects in the State of Alabama within a consecutive 12-month period.(2) The application shall be approved by the Office. [...](e) Upon completion of a Qualified Production, the company shall return the sales, use, and lodging tax exemption certificates to the Department and submit a report to the Office of the actual expenditures made in Alabama in connection with the Qualified Production. |
N |
N |
Y |
| Alabama |
2005 |
Hudson-Alpha Institute for Biotechnology |
2005 Al. HB 10 |
Code of Alabama. § 40-9-34. |
(b) Further, in exchange for the tax exemption granted in Section 3, the Hudson-Alpha Institute for Biotechnology shall certify to the Legislative Fiscal Office and to the House and Senate education appropriations committees on or before September 30, 2008, that the following levels of investment, employment, and property improvements have been made in the State of Alabama: |
N |
N |
Y |
| Alabama |
2004 |
County Economic Development |
2004 Al. HB 319 |
Constitutional Amendment |
Section 1. The following amendment to the Constitution of Alabama of 1901, as amended, is proposed and shall become valid as a part thereof when approved by a majority of the qualified electors voting thereon and in accordance with Sections 284, 285, and 287 of the Constitution of Alabama of 1901, as amended:(a) The governing body of any county, and the governing body of any municipality located therein, for which a local constitutional amendment has not been adopted authorizing any of the following, shall have full and continuing power to do any of the following: [...](3) Lend its credit to or grant public funds and things of value in aid of or to any individual, firm, corporation, or other business entity, public or private, for the purpose of promoting the economic and industrial development of the county or the municipality. [...](c) Neither the county nor any municipality located therein shall lend its credit to or grant any public funds or thing of value to or in aid of any private entity under the authority of this amendment unless prior thereto both of the following are satisfied:(1) The action proposed to be taken by the county or municipality is approved at a public meeting of the governing body of the county or municipality, as the case may be, by a resolution containing a determination by the governing body that the expenditure of public funds for the purpose specified will serve a valid and sufficient public purpose, notwithstanding any incidental benefit accruing to any private entity or entities.(2) At least seven days prior to the public meeting, a notice is published in the newspaper having the largest circulation in the county or municipality, as the case may be, describing in reasonable detail the action proposed to be taken, a description of the public benefits sought to be achieved by the action, and identifying each individual, firm, corporation, or other business entity to whom or for whose benefit the county or the municipality proposes to lend its credit or grant public funds or thing of value. |
N |
Y |
N |
| Alabama |
2003 |
Manufacturing Economic Stimulus and Free and Fair Trade |
2003 Al. HJR 11 |
|
BE IT RESOLVED BY THE LEGISLATURE OF ALABAMA, BOTH HOUSES THEREOF CONCURRING, That the Commission on Manufacturing Economic Stimulus and Free and Fair Trade is created.The purpose and agenda of the commission in regard to manufacturing economic stimulus shall include all of the following:(1) Identification of the core reasons for the devastating and ongoing loss of manufacturing jobs in Alabama both throughout the manufacturing community and by specific industry segments.(2) Collection and analysis of data relevant to the competitive challenges faced by Alabama manufacturers, the impact of these challenges on Alabama manufacturing companies and Alabama working families, and the connections that may exist between public policies and procedures and the competitive status of manufacturers in the state.(3) Compilation of relevant data, statistics, and analyses into an ordered report to be presented back to the Alabama Legislature for its consideration and possible action.(4) Presentation of specific recommendations to the Legislature on appropriate public policies, including potential legislative or regulatory initiatives or both to help stimulate Alabama's manufacturing base and promote the competitive position of Alabama as a major manufacturing state.(5) Communication and coordination of these recommendations and policies with existing economic development efforts in the state to help assure an ongoing and competitive manufacturing base as a vital part of Alabama's economy. |
N |
N |
Y |
| Alabama |
2001 |
County Economic Development |
2001 Al. HB 904 |
Constitutional Amendment |
Each public corporation heretofore created by Covington County or by the municipalities, including specifically any industrial development board or authority, any economic development commission or authority, or any airport authority is validated and the powers granted to such board, commission, or authority under its respective enabling legislation are validated notwithstanding any other provision of law or of this Constitution. The powers granted in this amendment may be exercised as an alternative to, or cumulative with, and in no way restrictive of, powers otherwise granted by law to the county, or to any such municipality, or to any agency, board, corporation, commission, or authority created pursuant to the laws of this state. Neither Covington County nor the municipalities shall lend its credit to or grant any public funds or thing of value to or in aid of any private entity under the authority of this amendment unless prior thereto: (i) the action proposed to be taken by Covington County or any such municipality is approved at a public meeting of the governing body of the county or municipality, as the case may be, by a resolution containing a determination by such governing body that the expenditure of public funds for such purpose will serve a valid and sufficient public purpose, notwithstanding any incidental benefit accruing to any private entity or entities; and (ii) at least seven days prior to the public meeting, a notice is published in the newspaper having the largest circulation in the county or in any such municipality, as the case may be, describing in reasonable detail the action proposed to be taken, a description of the public benefits sought to be achieved by such action, and identifying each individual, firm, corporation, or other business entity to whom or for whose benefit the county or the municipality proposes to lend its credit or grant public funds or thing of value. |
N |
Y |
N |
| Alabama |
2001 |
Land Recycling and Economic Redevelopment |
2001 Al. SB 5 |
22-30E-12 |
Section 22-30E-12. Alabama Land Recycling and Economic Redevelopment Commission.(a) There is hereby created the Alabama Land Recycling and Economic Redevelopment Commission for the following purposes:(1) To conduct a national survey to assess existing and proposed programs that are used to encourage the cleanup of uncontrolled sites and report its findings to the Governor, the Lieutenant Governor, and the Speaker of the House by the 10th legislative day of each regular session of the Legislature, beginning with the 2002 Regular Legislative Session.(2) In assessing programs to encourage the cleanup of uncontrolled sites, incentives to be considered by the commission shall include, but not be limited to, tax credits, revolving loan funds for municipalities, revolving loan funds for private developers, grant programs for municipalities, tax incentives, regulatory relief, liability protection, and technical assistance. The commission may also make recommendations with respect to disincentives in existing programs which should be avoided or eliminated in any Alabama incentive programs. [...](e) The commission shall keep a complete and accurate record of the proceedings of all its meetings and all meetings shall be open to the public. |
N |
Y |
Y |
| Alabama |
2001 |
General Economic Development |
2001 Al. SB 393 |
|
Section 6. The department shall report annually to the Legislature and the public as to qualifying projects with respect to which capital credits are claimed during the year. The report shall be due on the fifth legislative day of each regular session and shall state the number of qualifying projects, the capital costs of each qualifying project and the total amount of capital credits claimed during the year. |
N |
N |
Y |
| Alabama |
1995 |
Capital Credits |
1995 Al. HB 438 |
|
Section 1. The following terms shall have the following meanings, respectively, when used in this act unless the context clearly requires otherwise:(1) BASE WAGE REQUIREMENT. Either an average hourly wage of not less than eight dollars ($ 8) per hour or an average total compensation of not less than ten dollars ($ 10) Notwithstanding the foregoing, wages of direct processors of agriculture food products shall be subject to the local labor market.(2) CAPITAL COSTS. All costs and expenses incurred by one or more investing companies in connection with the acquisition, construction, installation and equipping of a qualifying project during the period commencing with the date on which such acquisition, construction, installation and equipping commences and ending on the date on which the qualifying project is placed in service, including, without limitation all of the following:[...]3) CAPITAL CREDIT. An annual amount equal to five percent of the capital costs of the qualifying project, such amount to be credited or allowed in accordance with Section 5 hereof and other provisions of law, against the state income tax liability generated by or arising out of the qualifying project in each of the 20 years commencing with the year during which the qualifying project is placed in service and continuing for 19 consecutive years thereafter.(4) DEPARTMENT. The Alabama Department of Revenue.Section 7. The department shall report annually to the Legislature and the public as to qualifying projects with respect to which capital credits are claimed during the year. The report shall be due on the fifth legislative day of each regular session and shall state the number of qualifying projects, the capital costs of each qualifying project and the total amount of capital credits claimed during the year. |
Y |
Y |
Y |
| Alabama |
1995 |
General Economic Development |
1995 Al. SB 113 |
|
The committee shall perform the following functions: Study and evaluate the state's economic development programs, study and evaluate all current laws and regulations concerning economic and industrial development, ascertain how to develop and implement a thoughtful, coherent, comprehensive, and long-range plan for economic and industrial development, and submit their determinations in the form of recommendations to the Legislature. Factors the committee shall consider in making recommendations shall include, but not be limited to, intrastate entities competing for the same development, the cost-benefit ratio of various types of incentives, and the impact the development will have on existing services and facilities in the selected location and the cost to the public in making necessary improvements to such services and facilities. Monitor economic activities of the state, political subdivisions, and public entities including, but not limited to, offers of incentives such as tax abatements and tax benefits; infrastructive improvements; bonds and other forms of financing; labor, research, and technological equipment, personnel, and facilities; and purchase contracts and agreements. [...] The committee shall issue its initial report to the Legislature by the fifth legislative day of the 1996 Regular Session and an annual report by the fifth day of the 1997 and 98 Regular Sessions. [...] The commission and committee shall terminate November 10, 1998. |
N |
N |
Y |
| Alabama |
1993 |
General Economic Development |
1993 Al. HB 27 |
Code of Alabama. § 41-10-44.5. |
§ 41-10-44.5. [...] The criteria promulgated by the Authority for the selection of Approved Companies shall be subject to prior approval by the Legislative Council. The Legislative Council shall approve or disapprove the general criteria proposed by the Authority within thirty (30) days after the submission of said criteria to the Legislative Council. The Authority shall report quarterly to the Legislative Council on each Project approved pursuant to such criteria, the amount of the financing provided to each Approved Company, the projected value of the tax incentives granted to each Approved Company and any other specific information requested by the Legislative Council. |
N |
N |
Y |